The Hollywood Reporter is reporting a financial upturn for Lionsgate due to their Blu-ray releases and the success that Blu-ray has had over HD DVD.

SMH Capital analyst David Miller said this week that Lionsgate clears $15 per Blu-ray unit in clear margin for library titles and a whopping $21 for new titles like War. Combining this with an additional 1.3 million units of Blu-ray library product relative to his projections since the demise of HD DVD has sparked sales for Blu-ray, Miller boosted his fiscal fourth-quarter revenue projection from $400.1 million to $419.1 million and his earnings-per-share estimate from 44 cents to 46 cents.

Besides War, Miller says that Lionsgate has seen improved Blu-ray sales of Total Recall, Terminator 2, the Saw series and the Rambo box set.

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