News
U.S. Home Video Sales Dropped 1.8% in 2014
posted on by Lynzee Loveridge
Consumers spent 1.8 percent less on home video sales and rentals in 2014, according to data released by the Digital Entertainment Group this month. Video buyers spent US$17.8 billion on home video or rentals last year. U.S. home video sales have gradually declined over the last two years, dropping 0.2% in 2013 and 0.5% in 2012.
Electronic Sell-Through (EST), like Amazon's Instant Video, continued to rise this year with US$1.55 billion in sales, a 30.4% increase from last year. Subscription streaming (like Netflix) also rose 25.8% percent with US$4.01 billion in sales. DEG credits films like Frozen, Hunger Games: Catching Fire, The Lego Movie, Hobbit: The Desolation Of Smaug, and Guardians Of The Galaxy for the increase in EST sales.
Video on Demand services, on the other hand, dropped 6.7% with earnings at US$1.97 billion.
Source: Deadline
