As DVD Sales and Rentals Fall, Streaming Revenue Rises NY Times
While DVD sales and rental revenue declined last year, spending on film and television streaming jumped sharply, reports The New York Times' Media Decoder.
Streaming revenue jumped to $2.3 billion in 2012 from $1.6 billion the previous year, according to the Digital Entertainment Group, a trade association.
DVD sales, however, slipped 5.5% to $8.5 billion, from almost $9 billion the previous year, while revenue from video-rental stores slumped to $1.2 billion from $1.6 billion.
Because of the jump in streaming sales, total spending on film and TV in home entertainment formats rose slightly to about $18 billion, up from $17.96 billion a year earlier, the piece notes.