1Q US home video spending up 2.5 percent

Apr 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: Hackers warn not to release 'The Interview' in any form

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Home video spending in US falls 2 percent in 2011

Jan 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 ...

Video rentals top sales for first time since 2000

Aug 06, 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 ...

Verizon to set up streaming service with Redbox

Feb 06, 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.

Netflix ups fees for Blu-ray amid rising demand

Mar 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.

Recommended for you

Clooney slams skittish Hollywood after Sony hack

6 hours ago

Film star George Clooney slammed the Hollywood movie industry for failing to stand up against the cyber threats that prompted Sony Pictures to cancel release of the movie "The Interview."

Atos shares soar after Xerox acquisition

8 hours ago

Shares in French tech firm Atos soared nearly five percent on Friday as traders cheered the news it had bought the IT wing of Xerox for more than $1 billion.

Two more former Sony workers sue over data breach

Dec 18, 2014

Two more former employees of Sony Pictures Entertainment are suing the company over the massive data breach in which their personal and financial information was stolen and posted online.

User comments : 0

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.