Revenue from home video sales in the U.S. fell 4% during the first nine months of the year, the AP reported. DVD sales were off 16.5%, more than could be offset by rising Blu-ray and download sales.
DVD sales plunged to $5.5 billion, according to figures released Thursday by the Digital Entertainment Group, a consortium of movie studios and electronics manufacturers, the story said. Revenue from rentals was off 4.4% to $4.4 billion.
“Spending on digital downloads and video-on-demand rose 23 percent to $1.7 billion, while purchases of Blu-ray discs rose 80 percent to $1 billion,” the story said.
Overall spending in the segment was $12.6 billion, down from $13.1 billion a year earlier.