DEG: The Digital Entertainment Group has released its latest report on the state of consumer home entertainment spending, and it doesn’t contain too many surprises. Though disc sales have declined, they continue to contribute the lion’s share of revenue in the home entertainment biz.
Overall, consumers spent an estimated $12.5 billion in the first nine months of the year, which is a decline of less than 1% from the .
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62 billion spent in the same period last year.
From the report:
As expected, disc sales continued to fall, with consumer spending on Blu-ray Discs and DVDs combined down 8% in the quarter, to $1.33 billion from $1.45 billion, and 8.2% for the year through Sept. 30, to $4.6 billion from $5 billion.
Electronic sellthrough (EST) rose 26.7% in the quarter and 33% in the first nine months of 2014. But total spending — $347 million in the quarter and $1.02 billion for the year through Sept. 30.
Are you spending a little less on disc purchases and a little more on digital ones?
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[via Home Media Magazine]
Disc will be around a long long long time yet!
Count on it……. Millions & millions still do not have any good net…
And us that do….
It may change soon… The price. Caps on the net use. And?
Disc are not going anyplace any tie soon.
Just my two bits..
Even iTunes revenues are down. No wonder Apple paid a premium for beats to get its STREAMING service.
I guess its a natural progression, consumers don’t want to OWN–even in digital form, just stream and not have to bother with housekeeping inventory.
Steve Jobs might be wrong. At some point people don’t want to always own what they use. Notice the huge increase in auto leasing.
I was the largest supporter I knew of DVD back in 96 and 97, then for Blu-ray in 06. Now I am into streaming. You can download your collection so that is one argument over reliable internet. Plus with 8 devices on Vudu gets me sorting and playing fast with no ads warnings. Plus better pricing. I think the internet will continue to improve and caps will adjust. I never have hit mine but I have favorites,downloaded just in case.
The Big thing is this….Three things…
1. Net Speed… I still run into people that have 15-20 MBps net speed. And that’s really bad…
2. The Caps…. For one person. 300 GB’s may be ok.. But what about a family of 4,5… 300 GB’s is not going to last at all. And they will come up with. Why should we pay more?
3. The price will in no way go down. Just up… The Cable Co’s and all will just hit you with a new bill. And say.. You need the fast lane bit.. Ha!
Try this….I a on Time Warner cable… Just the high speed net.. I am going at 285 MBps. Paying $71.00 a month… All I can use.. My friend is on Comcast. Paying 10 bucks a month more then I am.. And going at 50 MBps.. Not good….
And Comcast is talking about putting the caps on her use… And telling her she needs to up grade her speed..
Greed will just make the net worse… And don’t count on the FCC to do anything…
Move to Korea. High bandwidth @ virtually no cost.