The Digital Entertainment Group (DEG) has released its third-quarter report, which reveals that consumer spending on home entertainment products rose 3.8 percent compared with Q3 of 2015. Thus far, home entertainment product sales are up 2.5 percent for the year. The report shows that Electronic Sell-Through is up 10 percent compared with Q3 2015, and Blu-ray Disc sales are up eight percent for the year. An additional two million Ultra HD TVs were sold in the U.S. market in Q3, up 104 percent from the third quarter of 2015.
Below is an excerpt from TWICE Magazine’s story on the DEG Report:
Apparently consumers are spending more time — and money — at home.
According to DEG: The Digital Entertainment Group, consumer spending on Blu-ray Discs, DVDs, video-on-demand (VOD), electronic sell-through and subscription streaming videos was up 3.8 percent in the third quarter, to $4.2 billion, and is ahead 2.5 percent for the year.
Leading the charge was subscription streaming, with sales up 23.9 percent in Q3. Electronic sell-through followed with a 9.8 percent gain, while VOD trailed in third place among digital formats with a 4.8 percent increase.
Less robust was packaged media. While total sell-through topped $1 billion for the quarter, the figure represents an 8.7 percent decline for combined BD and DVD sales.
The rental market was even tougher, with combined storefront, kiosk and subscription rentals falling 17.8 percent to $568 million.
To read the complete TWICE story, click here.