U.S. DVD rental revenue dropped 14% in this year’s first quarter from last year’s, adding another worry to a rocky home entertainment business, the Los Angeles Times reports.
The Digital Entertainment Group, which furnishes the statistics, didn’t provide revenue amounts for this first quarter.
The DEG places the decline in rentals on the closure of multiple stores owned by Blockbuster and Movie Gallery. Both companies struggled in 2009, while rental firms Netflix and Redbox flourished. However, the recent stats show that the growth may have cooled.