Home video spending in US falls 2 percent in 2011

January 10, 2012

(AP) -- Home video spending in the U.S. fell 2 percent to about $18 billion in 2011. A surge in the popularity of movie streaming services like Netflix Inc. and gains in Blu-ray disc sales helped offset some of the drop in DVD purchases.

The , a consortium of and , said Tuesday that sales of Blu-ray, which became the high-definition standard in February 2008, were up 20 percent, to $2 billion for the first time. The number of households with a Blu-ray player rose 38 percent to nearly 40 million.

Digital streaming plans, which weren't broken out last year, racked up nearly $1 billion in sales. DVD sales declined 20 percent to about $6.95 billion.

The overall drop in home movie spending was smaller than in 2010, when the industry reported a 3 percent decline.

"The industry's performance clearly stabilized in 2011," the DEG said in a statement.

Americans made fewer visits to brick-and-mortar movie rental stores. Spending in that category fell 29 percent to $1.64 billion. Spending on mail-order disc rental services and streaming services rose 4 percent to about $2.37 billion.

Spending at popular rentals kiosks, such as those offered by Coinstar Inc.'s Redbox, jumped 31 percent to $1.66 billion.

Movie buffs also rented more flicks through video-on-demand services offered through set-top boxes, with spending on VOD up 7 percent at $1.87 billion. Sales of movies through digital download services like iTunes rose 9 percent to $554 million.

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


Related Stories

Digital movie locker 'UltraViolet' nears launch

July 20, 2010

(AP) -- A group of media and electronics companies will soon start testing a system that will let you watch the movies you buy wherever you are, regardless of formats and other technical hurdles. Like ATMs, your account ...

Video rentals top sales for first time since 2000

August 6, 2011

(AP) -- Americans spent more money renting home movies than buying them in the second quarter, marking only the second time that's happened in the DVD era. The big switch in consumer behavior shows the rising popularity ...

Recommended for you

IROS 2015: Thermobot feels the heat and walks (and walks)

October 7, 2015

Takeru Nemoto and Akio Yamamoto of University of Tokyo have presented a bipedal walking robot which is driven by constant heating. No sensors. No actuators, said Even Ackerman in IEEE Spectrum. Just a hot surface will do ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.