Home Entertainment Spending Slips

Apr 29, 2016  •  Post A Comment

Consumer spending on home entertainment was down in the first quarter of the year, according to a Variety report citing new data from DEG: The Digital Entertainment Group.

The total was $4.55 billion, off 1.8% from $4.64 billion in the year-ago period.

“Subscription streaming, spearheaded by Netflix, Hulu and Amazon Prime Video, topped all digital spending at more than $1.4 billion, up 19% from $1.18 billion a year ago,” the report notes. “Transactional VOD rental spending increased 7.3% to $561 million, from $523 million a year ago, while Digital HD increased 4.4% to $505 million, from $484 million.”

Meanwhile, packaged media sales dropped 13.2% to $1.38 billion, vs. $1.58 billion a year ago. Sales of 4K Ultra HD television sets surged, with 1.5 million sets sold in the quarter, a 210% increase from a year ago.

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