US home video spending posts second year of growth

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

1Q US home video spending up 2.5 percent

© 2014 The Associated Press. All rights reserved.

Citation: US home video spending posts second year of growth (2014, January 7) retrieved 27 October 2021 from https://phys.org/news/2014-01-home-video-year-growth.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