The industry’s Digital Entertainment Group credits a 58% gain in spending on Blu-ray discs vs last year’s 3Q and a 12.8% pickup in electronic sell-though (to $135.9M) for much of the gain in 3Q consumer spending, to $3.93B. The 4.9% improvement in total sales was “a major milestone,” DEG says, because “this is the first time spending has increased since the first quarter of 2008, when the economic downturn began.” This also was the first time DEG broke out spending numbers for subscription streaming services such as Netflix, formerly folded into the tally for rentals: They accounted for $255.4M in the quarter and $463.6M for the first half of 2011. But the results show that DVD sales continue to plummet: The huge gains for Blu-ray weren’t sufficient to stop the decline packaged goods sales, down 4% to $1.74B. Over in the rentals, subscription services for discs — again, like Netflix — led the pack (+4.9% to $607.3M). But video-on-demand came in second (+4.9% to $419.9M), followed by kiosks (+23.3% to $414M) and bricks-and-mortar stores (-28.6% to $353M).
Home Video Spending Up 4.9% In 3Q
What's Hot on Deadline
'Ant-Man' Scribes Andrew Barrer & Gabriel Ferrari Join 'Transformers' Writers Room: Cybertron Pic In Offing?
TLC "Deeply Saddened" As It Pulls All Episodes of '19 Kids And Counting' In Wake Of Child Molestation Allegations - Update
Latest Film News
- Paramount, Mary Parent To Turn ‘Beyblade’ Into Live Action Feature
- ‘The End Of The Tour’ Trailer: Jason Segel As David Foster Wallace
- Sky To Invest $20M In Milan Hub For Arts; Fremantle Picks Up Jude Law’s ‘The Young Pope': Global Briefs
- ‘How He Fell In Love’ Clip: Exploring Faithfulness And Betrayal
- Utkarsh Ambudkar Joins ‘Barbershop 3′
- ‘A Walk In The Woods’ Trailer: Redford & Nolte Take A Hike