AfterDawn: News

Lions Gate gets boosted revenue thanks to XBL

According to an announcement by Lions Gate Entertainment, 15 movies it has made available on Xbox Live has helped to boost digital revenue by almost 50 percent. The company revealed that over 150,000 download rentals had been made for those films.

The company released the films on XBL in February and were priced at 320 Microsoft points for standard DVD rentals and 480 points for HD rentals. In dollars, those points are equivalent to $4 and $6 USD respectively.



Lions Gate CEO Jon Feltheimer said that video-on-demand (VOD) sales for the film Employee of the Month "exceeded USD 3 million on a film that grossed about USD 27 million at the domest box office".

He added, "Our VOD revenues grew by approximately 50 per cent in fiscal 2007 from the previous year... Our Internet delivered digital revenue grew by a multiple of seven in fiscal ’07 compared to the prior year, although obviously from a relatively small base."

Lions Gate president Steve Beeks also added, "This is an extremely promising sign for our entire library and the power of the virtual shelf space of digital delivery."

Source:
GI.biz

Written by: Andre Yoskowitz @ 4 Jun 2007 14:36

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• 6 comments

• fgamer

  Why don't I care when these movie studios make money?

  4.6.2007 17:47 #1

• locobrown

  This only establishes Microsoft’s 360 console even more creating a medium source where no other gaming console has yet to provide such resource, that’s innovation. Whether its Microsoft, Sony or Nintendo, whoever provides these types of features that were never thought possible in a certain point in time providing a type of atmosphere to its users doing so and performing in an astonishing fashion it only creates acceptance in markets where there is little or no support. That gets my recognition and I applaud them for that. Yes, they are making money but business wise nobody can tread on an individual or company that seeks to outperform its competitors in certain areas who can rightfully proclaim excellence and self-achievement.

  4.6.2007 19:00 #2

• borhan9

  Originally posted by fgamer:Why don't I care when these movie studios make money?Ditto. I do not care for this article that much. I find it to be a pointless figure mentioning text.

  4.6.2007 20:06 #3

• ZippyDSM

  Quote:Originally posted by fgamer:Why don't I care when these movie studios make money?Ditto. I do not care for this article that much. I find it to be a pointless figure mentioning text.Its helps pads MS/360s resume, by showing they have this digital rentign thing and it can make money for the renters it shows the indutry it can work and its worth while to put money into the 360.

  4.6.2007 21:00 #4

• Unfocused

  This is funny being it was / is Sony's goal to make one device that will control / access all of your media.

  23.7.2007 15:57 #5

• ZippyDSM

  Originally posted by Unfocused: This is funny being it was / is Sony's goal to make one device that will control / access all of your media.just wait till the PS4 when all games are streamed over the net 0-o.

  23.7.2007 16:08 #6