Tuesday, 12 February 2013
Lionsgate Says Digital Sales, UltraViolet Helping Home Entertainment Growth
A growing appetite for digital copies of movies like "The Hunger Games" and "The Twilight Saga: Breaking Dawn - Part 1" helped Lionsgate's increase its quarterly home entertainment revenue by 43 percent, the company said Tuesday. Overall, the company reported $233 million in video-on-demand and sales and rentals of movies and shows for the three months ending in December. It was a sign that the home entertainment market -- which has suffered incursions by streaming services like Netflix and Hulu -- has begun to stabilize, executives said on an earnings call.
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