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.
■ 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.