Image Entertainment: Physical Media Sales Up

Image Entertainment reported financial results for Q3 (ended December 31). According to John Avagliano, Chief Operating Officer and Chief Financial Officer, strong sales of physical product contributed to the company's net revenue of $34.5 million, up 25% from reported net revenue during the same period last year.

-- Discs (DVD and Blu-ray) revenues increased 10.7% to $27.9 million, from $25.2 million.

-- Digital distribution revenues increased 286.9% to $4.3 million, from $1.1 million.

-- Broadcast revenues increased 43.7% to $1.6 million, from $1.1 million.