Consumer Spending on Home Entertainment Up, Blu-ray Catalog Sales Rise 26%
Posted July 30, 2012 03:44 PM by Webmaster
Consumer spending on home entertainment was up approximately 1.4% in the first six months this year. The growth is attributed to a variety of factors, including Blu-ray disc sales, as well as VOD and electronic sellthrough. Total consumer spending topped $8.4 billion compared to $8.3 billion last year, according to the DEG (The Digital Entertainment Group).
Blu-ray sales were once again impressive, especially in the catalog end of the business, where sales grew 26%.
The number of Blu-ray homes continued to rise as well, with 1.4 million Blu-ray Disc players (inclusive of BD set-tops, PS3s and HTiBs,) sold in the second quarter, bringing the total household penetration of all Blu-ray compatible devices to more than 42.1 million U.S. homes.
Additionally, according to the DEG more than 4.6 million HDTVs were sold to U.S. consumers in second quarter 2012; HDTV penetration to date is nearly 80 million U.S. households.
Great to see the rise of catalog titles on Blu-Ray. I can remember about a year ago when the idea of catalog titles taking off was seriously laughed at. Well we now know who managed to get the last laugh.
keeping pumping out catalog titles and keep making money! its that simple.. also can you get working on these please.... Ace Ventura, The Program, Mystery Alaska, A Night at the Roxbury, Out Cold, Just Friends, Bad News Bears 1976, Necessary Roughness, Summer School, Orange County, 101 Dalmatains, Heavy Weights, Best of the Best, Best of the Best 2, Club Dread, Grandma's Boy, A Bronx Tale, Half Baked, Leave it to Beaver, Mallrats, Lionheart, Sudden Death, Saving Silverman, The Fan, Bio-Dome, Boiler Room and Surf Ninjas thats all i'm waiting for
You've gotta question how they're figuring. Are they assuming that every player bought is a new format adopter? If so, market penetration could be dramatically lower than their estimated 42 million households. I've bought 4 BD players and 3 PS3s myself over the past 6 years.
very happy that consumers are upgrading with catalog titles-- to be honest I expect a great picture on new releases, so getting an older title that I've seen many times before in superior hi-def.. is actually my biggest thrill with blu-ray!
Perhaps these figures will finally put to rest the silly prognoses of some that inferior streaming will eliminate blu-ray (and dvd) altogether! Blu-ray is the best!! And the catalog titles I want are showing up..... certainly a bit too fast for my poor pocketbook!! (LOL)