Home video spending in US falls 2 percent in 2011

(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

US home video spending up for 1st time since 2008

©2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Citation: Home video spending in US falls 2 percent in 2011 (2012, January 10) retrieved 18 August 2019 from https://phys.org/news/2012-01-home-video-falls-percent.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments

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