US home video spending up for 1st time since 2008

October 31, 2011 By RYAN NAKASHIMA , AP Business Writer

(AP) -- In a welcome relief for Hollywood, Americans are finally spending more on home videos.

For the three months through September, spending rose nearly 5 percent from a year earlier to $3.9 billion. The figures from an industry organization, The , show the first increase since the recession took hold in early 2008.

While people bought fewer DVDs and made fewer trips to brick-and-mortar rental video stores, they more than made up for it by buying more Blu-ray discs, renting more from kiosks like and spending more on mail-order DVDs and streaming videos from Netflix.

Buying of movies and ordering them from set-top box video-on-demand services also rose. For the year, though, spending is still down about 2 percent at $12.3 billion.

Explore further: Briefs: U.S. home-video spending tops $24 billion

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