Sony down no Spidey.(Vid Bits)

Video Business, February, 2004 by Amdur, Meredith

* Sales and operating profits for Sony fell 82% for the three months ended Dec. 31 compared to the same period in 2002, which had the Spider-Man video retail/ rental safety web. The falloff proves how critical home video sales are to film companies. Sans Spider-Man, which generated $347.7 million in consumer spending on rentals and purchases in its first two months of release in November and December 2002, Sony's sales dropped 29.3% to $1.69 billion.

That was despite the fact that theatrical revenue increased during the December quarter.