As we cruise closer to November and December, these may not be the happiest of holidays for the home entertainment industry. According to the Digital Entertainment Group (DEG), consumer spending on home entertainment through September 30 was off about 4% from 2009.
Disc purchases of DVDs and BDs have dropped 8% in the first three quarters of the year, and rentals have dropped more than 4%. The only bright spot is digital distribution, which has risen 23% in the last quarter alone.
All may not be lost, however, according to DEG president Ron Sanders:
“While we continue to encounter tough market conditions, there are a number of positive trends emerging, particularly in some of the industry’s key growth areas . . . Blu-ray continues to show strong growth in every category, new release packaged media sellthrough is up, and digital distribution is gaining significant momentum as we move into the fourth quarter.”
Insiders, how does your media consumption compare to the same time last year? Do you plan on spending more, less or about the same on home entertainment in the coming months? Will any DVDS or Blu-rays be stuffing your stockings this year? Check out the comments and let us know your plans.
(via Home Media Magazine)