CES 2016: SVOD, EST Spur 1% Spike in Home Entertainment Spend
LAS VEGAS — Total spending on home entertainment — a large category including physical discs, downloads and SVOD — ticked up 1% in 2015 to reach $18.1 billion, according to an annual report issued today by the Digital Entertainment Group.
Released as International CES kicks off here, the report shows a continued free-fall for DVDs and Blu-ray Discs, with packaged goods revenue slumping 12% to $6.1 billion. But overall electronic sell-through, or EST, sales soared 18% to hit $1.9 billion and SVOD jumped 25% to $5.1 billion. And even within the beleaguered physical disc category, Blu-ray disc sales rose 8% in the fourth quarter, corresponding with strength in movie box office receipts.
“The strength of the premium experience bodes well for the introduction of Ultra HD Blu-ray in 2016,” the report asserted.
For more of this story, please visit broadcastingcable.com.
Multichannel Newsletter
The smarter way to stay on top of the multichannel video marketplace. Sign up below.