Blu-ray Not Looking Too Shabby for Studios as Digital Dollars Pile Up

blue Ray Disk Illo

Revenue from digital platforms are up 24% for the first six months of the year to more than $3 billion

Blu-ray is showing healthy sales for Hollywood’s homevideo divisions, with revenue generated from the discs up 15% during the first half of the year. That’s as overall consumer spending on home entertainment grew more than 2% to $8.6 billion during the same six-month frame, according to the Digital Entertainment Group.

Overall disc sales, including DVD and Blu-ray, fell 4.7% to nearly $3.6 billion during the first half of the year, while overall coin generated from all digital platforms earned a little over $3 billion.

Blu-ray, in particular, saw gains from new releases, which were up 19% during the first half of the year, while older catalog titles rose 8% over the same frame a year ago. Consumers bought more than five million Blu-ray compatible devices during the first six months. There are now more than 61 million Blu-ray players in U.S. homes.

Studios are especially encouraged by revenue from digital platforms, which increased 24% for the first six months of the year to earn more than $3 billion, as more consumers turn to a variety of online outlets for entertainment.

Other key findings for the first half of 2013:

■ Overall disc sales, including DVD and Blu-ray, fell 4.7% to nearly $3.6 billion.

■ Sales from electronic sell through titles (think Apple’s iTunes) rose more than 50% to $491 million.

■ Overall rental revenue, including digital, fell more than 5.5% to nearly $3.1 billion.

■ Rentals from physical stores like Blockbuster fell 12.6% to $522 million.

■ Subscription-based disc rental revenue declined nearly 21% decline to $531 million.

■ Video-on-demand earned nearly $1.1 billion, up 6.9%.

■ Subscription-based streaming revenue rose nearly $1.5 billion, a gain of 32%.

■ Revenue from kiosks fell nearly 4% to $955 million.

SEE ALSO: Redbox Now Controls More than 50% of Home Video Disc Rental Biz

■ UltraViolet now counts 13 million subscribers and over 10,000 film and TV titles available to watch on a variety of devices. UltraViolet is now available in six countries, with Australia and New Zealand recently backing the digital locker.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 2

Leave a Reply

2 Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  1. G. Jardoness says:

    It’s not so much the medium as it is the content. Physical copies are able to offer all the features and extras online services have been precluded from or are reluctant to provide. I love the process, and enjoy the interviews and making-of features as a way to appreciate and enjoy the effort that much more.

  2. rhet says:

    You had me until the end when you said Ultraviolet. One of the most hated services of ALL-TIME. Give me a digital copy any day of the week compared to the terrible UV service. I hate having my movies that I bought in a shelf on the cloud that I can borrow from. Great idea for people who are greedy, bad for anybody wanting easy access to movies they have bought.

More Digital News from Variety

Loading