Association’s Annual Report Paints A Rosy Picture of Video Industry20 Jul, 2001 By: Thomas K. Arnold
The Video Software Dealers Association (VSDA) paints a rosy picture of the video industry in its fifth annual report on the home entertainment business, saying 2000 was a year of “growth and transition” in which consumer spending showed a “marked increase” thanks to DVD.
The report, issued earlier this month, says DVD revenues jumped nearly 140% from 1999, while VHS sales only slipped slightly. VCRs, meanwhile, “shipped in record numbers, suggesting that the videocassette will be around for many years to come.”
Total consumer spending on DVD and VHS sales and rentals rose 10% from the previous year to come in at $19 billion, the report says.
It also suggests hard times for retailers are easing up: “While the mega chains were in the midst of scaling back new openings, the smallerchains and one-store operations appeared to be emerging revenue for manyindie retailers.
Eglash’s Wisconsin chapter will host a first-ever Adult Conference and Showcase Aug. 14-15 at the Radisson Hotel and Conference Center inKenosha, Wis. Educational seminars and networking events will augment comments from VSDA president Bo Andersen and a keynote by Adult Video News senior editor Mark Kernes. Free Speech Coalition executive director Bill Lyons will coordinate roundtable meetings with video retailers and adult industry executives.
Also at the July 13 board meeting, departing director David Ingram, president of Ingram Entertainment, was replaced by Ingram v.p. ofbusiness development Bob Geistman, who was appointed to a new three-year term.
Retiring from the board were appointed member John Thrasher of Tower Records & Video and former chairman and elected director Mark Vrielingof Rain City Video in Seattle, who each completed six years, the maximumallowed under association bylaws. Ross Flint of Video Station Superstore in Taylor, Texas, also concluded his three-year term after losing are-election bid. Elected director Herman Junkerman of Movie Man Video, Glassboro, N.J., was appointed to an additional one-year term.