Forum de FilmDeCulte

Theatrical ticket sales account for less than one third of Neon’s revenue every year. Neon makes its biggest share of sales licensing its catalog to streaming services and TV networks.

Neon grossed $69 million from TV and SVOD licensing in 2024. Neon has an output deal with Hulu that makes the Disney-owned streaming service the exclusive streaming home for its films after they leave theaters.

The company grossed an additional $30 million from selling digital and physical copies of its movies. This is a big reason Neon was able to turn a profit in 2020 despite not putting many movies in theaters.

The company’s biggest cost center — by far — is distributing and marketing its movies. So Neon spends more money on distributing the films than it makes in theaters, but then makes its money back selling and licensing those movies after they leave theaters.

This is why libraries are so important to studios. They can print profit by licensing older titles with almost no upfront investment.