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LionsGate Gets Blu-ray Boost
Posted February 13, 2008 01:55 PM by Josh Dreuth
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During an investor's call, Lionsgate president Steve Beeks commented on how well the studio was doing with regards to Blu-ray sales. During the month of January, Lionsgate's revenue from Blu-ray sales was seven times higher than the same time last year. More units have been shipped from the studio in the last two months than for the entire previous year.
Beeks commented, "We expect the industry to unite behind Blu-ray by the summer, which should drive the current HD market to triple in size from $300 million in 2007 to more than $1 billion this year. It is exciting again to have a true growth opportunity in home entertainment as we expect Blu-ray revenue to be largely incremental in the near term."
Thanks goes to Iron Man for submitting the news.
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Source: Home Media Magazine |
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Relevant for:
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jkwest
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Feb 13, 2008
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Frikin awesome!!!! We love you Lionsgate!! |
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DocNovak
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Feb 13, 2008
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Now bring me Step Into Liquid, Lionsgate, please! |
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CptGreedle
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Feb 13, 2008
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Great job Iron Man! Great Article Lionsgate! Keep 'em Blu-rays coming! |
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Darth_Bane
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Feb 13, 2008
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Awesome news! Keep up the great work Lionsgate. |
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pscoop
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Feb 13, 2008
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Good news. 3:10 to Yuma did sell pretty well, right? |
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Petra
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Feb 13, 2008
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LionsGate is a feisty little studio. The movies that they put out are great quality |
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Jumong
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Feb 13, 2008
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i like Lionsgate.... produce more good movies..and they shall reap rewards  |
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MickBurke
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Feb 13, 2008
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Iron Man and Blu-Ray... I like the sound of that... |
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E-Dogg
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Feb 13, 2008
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This is fantastic news. Way to go Lionsgate! |
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Minimejer05
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Feb 13, 2008
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Great news! Congrats Lions Gate. |
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JT_Designer
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Feb 13, 2008
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Awesome news!
I hope Universal and Paramount are listening. They too can share in this wealth if they take their foot out of their butt. Too many investers kicking them for not going with Blu-ray. |
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bkbluray
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Feb 13, 2008
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Hahaha. I love it!
It's getting funnier and funnier, seeing how much money Universal and Paramount could have made releasing Transformers or Bourne on Blu right away. |
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Craig Ruchman
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Feb 13, 2008
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More good news. Sure signs that blu will advance from being a niche market format. |
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DAMNSAM77
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Feb 13, 2008
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well thats what you get when you start releasing good movies like 3:10 to Yuma. Plus Good Luck Chuck, SAW IV and WAR, even though they weren't great movies, all 3 were still entertaining and have each made more money at the box office than 90% of the previous Lionsgate releases. So I think having 4-5 hits coming out in one month is definitely a boost, I just hope they keep it up and they keep up the lossless PCM and get away fromt he DD-EX and DTS-HD crap and stick with DTS-MA, PCM, and DTHD |
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Bhelliom
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Feb 13, 2008
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PLEASE release Step into Liquid. That will look amazing on bluray. |
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Guinness7
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Feb 13, 2008
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That is some good news for Lionsgate. |
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Blu Tiger
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Feb 13, 2008
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I LOVE Liongate. More animated movies please!!! |
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Rainman208
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Feb 13, 2008
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Good news. Keep the good Blu hits coming and we'll respond with Blu dollars. it's as simple as that. |
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kubrick
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Feb 13, 2008
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Great studio, they deserve our full support and respect. |
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