Briefs: U.S. home-video spending tops $24 billion
Spending on home video in the United States topped $24 billion last year as both sales and rentals posted gains in 2005.
The Digital Entertainment Group said Thursday that U.S. consumers spent $22.8 billion renting and buying DVDs in 2005, and $24.3 billion when VHS tapes were factored in.
DVD retail sales grew 5 percent over 2004 to $16.3 billion; the number of individual unites sold increased 10 percent. DVD rentals grew 14 percent to $6.5 billion.
The statistics were released in Las Vegas at the Consumer Electronics Show.
Copyright 2006 by United Press International
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Briefs: U.S. home-video spending tops $24 billion (2006, January 5)
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