US home video spending posts second year of growth

Jan 07, 2014

U.S. home video spending rose nearly 1 percent to $18.2 billion in 2013, the second straight year of growth as higher spending on video streaming subscriptions and digital purchases offset the decline in DVDs.

The figures were released by the consortium of Hollywood studios and electronics makers, The Digital Entertainment Group, on Tuesday.

Digital sales of movies and TV shows rose 47 percent to $1.2 billion, while subscription streaming spending rose 32 percent to $3.2 billion.

Blu-ray disc sales rose about 5 percent, but overall physical disc sales fell 8 percent to $7.8 billion. Rental revenue fell 5 percent to $6.1 billion.

The group credited the growth to increased use of high-definition TVs and Blu-ray players and greater adoption of its cloud storage system, UltraViolet, now with 15 million accounts.

Explore further: Amazon launches 3D printing store

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

Related Stories

1Q US home video spending up 2.5 percent

Apr 30, 2012

(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.

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 ...

Flat year for US music industry, survey says

Mar 27, 2013

US music industry sales held nearly steady in 2012 as gains from digital subscription services offset further declines in physical disc sales, an industry survey showed Wednesday.

Recommended for you

Pfizer's 2Q profit sinks 79 pct but tops forecasts

2 minutes ago

(AP)—Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a business spinoff gain of more than $10 billion. The latest results still edged ...

Aetna 2Q profit rises 2.4 percent

4 minutes ago

Aetna's second-quarter profit climbed more than 2 percent, as gains from an acquisition helped the health insurer beat analyst expectations and raise its 2014 earnings forecast again.

Merck 2Q profit more than doubles

4 minutes ago

A big one-time gain and a tax benefit helped drugmaker Merck & Co. more than double its second-quarter profit, raise the lower end of its profit forecast and easily top analysts' expectations.

Amazon launches 3D printing store

21 hours ago

Amazon announced Monday the launch of an online store for 3D printed items to allow consumers to customize and personalize items like earrings, pendants, dolls and other objects.

User comments : 0