“It’s been a roller coaster of a year, but consumer demand for content is as strong as we’ve seen it,” said Ron Sanders, president of Warner Home Video. According to DEG’s figures, overall consumer home video transactions were up a solid 6.6% from the previous year. Indeed, factor in dramatic gains in Blu-ray Disc sales and digital delivery, and consumer consumption of home entertainment might be at an all-time high - a point alluded to three months back when the Digital Entertainment Group released those third-quarter numbers. Although DVD sales have fallen steeply, rentals - spurred by a robust Netflix and Redbox kiosks - have risen sharply, with an 8.2% uptick in the first nine months of 2009, according to Rentrak’s Home Video Essentials.
DVD sales might have plummeted this past year, but hey, so did everything else.Įven more significant is the realization that the old way of looking at things isn’t necessarily the only way, or even the right way. The closing months of 2008 saw the banking and auto industries all but collapse, the jobless rate skyrocket and home foreclosures go through the roof.
LOS ANGELES (Hollywood Reporter) - To outsiders, the DVD business appears to be in the toilet - so why are home-entertainment honchos smiling?Īt the end of the third quarter, DVD sales were running about 13% behind last year, and even a fourth-quarter bump isn’t expected to bring that gap down by much once the final numbers for 2009 are tallied.Īnd yet studio executives aren’t nearly as glum as they were a year ago, when DVD sales were running 5% behind the previous year.
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