Friday, April 29, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sony Reports Loss But PlayStation Keeps Performing Well
Japan Display Showcase The Latest In Display Technologies In SID DISPLAY WEEK 2016
Strong Galaxy S7 Sales Keep Samsung's Profit High
LG Posts record Q1 Profit
Facebook Reports Strong First Quarter 2016 Results
Getty Images Asks EU to Investigate Google Over Images
Twitter Is Still Trying To Capitalize On Its Popularity
Samsung Developer Conference Showcases New Smart TV Tools
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Consumer Electronics > Home En...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, May 02, 2011
Home Entertainment Spending Down For Q1


Due in part to a 25 percent reduction in box-office revenue of the home entertainment new release slate for the first quarter of 2011, U.S. home entertainment spending in the period was down 9.8 percent.

This was among the findings of DEG's first quarter 2011 Home Entertainment Report, which is tracking sources and retail input.

Sell-through was down 18 percent for the quarter, as anticipated, since there were four tentpoles accounting for $1 billion of box office released on Blu-ray and DVD in first quarter 2010 but no such equivalent for first quarter 2011. Further, the Easter holiday, a considerable home entertainment buying season, was not part of first quarter this year, accounting for some of the period's decline. However, the second quarter is off to a strong start, with sell-through up 20 percent in the first few weeks alone, DEG's members said.

The industry has proven resilient, with modest gains posted in a number of key areas. According to The NPD Group's recent "Entertainment Trends in America" report, while digital home video options are gaining in popularity, more than three quarters of U.S. consumers continue to view movies on DVD and Blu-ray Disc.

In Blu-ray Disc software sales, consumer spending was up nearly 10 percent over the same period 2010. Blu-ray 3D software is also beginning to show signs of material growth, with anticipated retail sales of more than $100 million for the year.

Additionally, Blu-ray Disc hardware increased, with sales (inclusive of BD set-tops, PS3s and HTiBs) up more than 13 percent over first quarter 2010. This brings total household penetration of all Blu-ray compatible devices to nearly 30 million U.S. homes.

Further, nearly seven million HDTVs were sold to U.S. consumers in first quarter 2011, up 11 percent over first quarter 2010. HDTV penetration life-to-date is more than 64.5 million U.S. households.

Emerging formats such as digital distribution provided additional growth for the industry with electronic sell-through spending up nearly 11 percent and consumer spend on VOD up nine percent in the quarter. In total, digital movie transactions were up close to 10 percent over the same period last year.

"The home entertainment business is morphing as increased enhancements to technologies like Blu-ray Disc, Blu-ray 3D and new digital service offerings are made available, " DEG said. "Our analysis demonstrates that home entertainment consumers still have a strong appetite for value and convenience."

Amid the macro-economic challenges we face, the DEG expects a number of growth opportunities for the remainder of 2011, fueled by an impressive array of blockbuster theatrical releases in the third and fourth quarters. This will help the industry to round out 2011, with consumer spend flat, or up slightly, and transactions up by the end of the year.


Previous
Next
AMD Brings Desktop Graphics to Embedded        All News        Sony Suspends SOE Gaming System
3-D TV Shipments Soar by Nearly 500 Percent in 2011     Consumer Electronics News      Firmware Update Adds New Features to BRAVIA TVs

Get RSS feed Easy Print E-Mail this Message

Related News
UHDA Launches ULTRA HD PREMIUM Logo and Certification Licensing for Ultra HD Blu-ray Disc Players
Warner Bros. To Release First Ultra HD Blu-ray Titles
Samsung to Unveil Dolby Atmos Soundbar, 4K Blu-ray Player At CES 2016
Memory-Tech Ready To Start Mass Production Of UHD Blu-ray Disc
Sony Unveils First 4K Ultra HD Discs
CyberLink Joins Ultra HD Blu-Ray Development Group
U.K. Physical Media Market To Keep Falling In Q3 2015
Sharp Showcases Ultra HD Blu-ray Recorder, 8K TV at CEATEC 2015
Panasonic DMR-UBZ1 Is The World's First BD Recorder With Ultra HD Blu-ray Playback Capability
Licensing Ultra HD Blu-ray Format To Start This Month
Blu-ray Disc Association Completes Ultra HD Blu-ray Specification
DIGISTOR Releases New Professional Grade Blu-ray Recordable Media

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .