1Q US home video spending up 2.5 percent

April 30, 2012 By RYAN NAKASHIMA , AP Business Writer

(AP) -- American spending on home videos rose 2.5 percent to $4.45 billion in the first quarter as the increasing popularity of subscription streaming plans and Blu-ray discs made up for falling DVD sales.

That's according to a report by the Digital Entertainment Group, which is made up of studios and .

It marked the first year-over-year gain in two quarters.

Blu-ray disc purchases rose 23 percent to about $541 million, while DVD sales fell about 7 percent to $1.51 billion.

Spending on rentals fell 25 percent to $1.18 billion as people dropped off Netflix Inc.'s mail-order DVD plan and fewer people went to brick-and-mortar rental outfits. Spending at kiosks like Redbox rose.

Spending on digital downloads, subscription streaming services and video-on-demand offerings rose 74 percent to $1.22 billion.

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


Related Stories

Netflix ups fees for Blu-ray amid rising demand

March 30, 2009

(AP) -- Online DVD rental leader Netflix Inc. is raising its prices for Blu-ray discs in a change that will triple or quadruple the high-definition surcharge on Netflix's most popular subscription plans.

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 ...

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 ...

Verizon to set up streaming service with Redbox

February 6, 2012

Challenging Netflix, phone company Verizon Communications Inc. says it will start a video streaming service later this year in cooperation with Redbox and its DVD rental kiosks.

Recommended for you

On soft ground? Tread lightly to stay fast

October 8, 2015

These findings, reported today, Friday 9th October, in the journal Bioinspiration & Biomechanics, offer a new insight into how animals respond to different terrain, and how robots can learn from them.

University team's robot inspired by jumping spider

October 8, 2015

Special insights and observations about how animals move, handle danger and preserve energy are not only interesting but valuable to scientists in the field of robotics. One such contribution of animal-like robotic movement ...

AI machine achieves IQ test score of young child

October 6, 2015

Some people might find it enough reason to worry; others, enough reason to be upbeat about what we can achieve in computer science; all await the next chapters in artificial intelligence to see what more a machine can 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.