Q3 Home Entertainment Spending Up 3%, Per DEG11 Dec, 2017
The latest report from DEG: The Digital Entertainment Group on consumer home entertainment spending indicates a 2.85% uptick in the third-quarter compared with the same period a year ago, as well as a 2.75% increase in the first nine months of the year.
Total U.S. home entertainment spending was $4.3 billion for the third quarter, bringing the year-to-date total to $13.5 billion.
The category with the biggest gains was digital, with electronic sellthrough up 7% in the third quarter and subscription streaming up 17.3%. SVOD spending was up 21.6% in the first nine months of 2017 compared with last year, while EST is up 7.9%.
Packaged-media sales were down 9% in the quarter and 10% in the first nine months, compared with last year. Rentals of physical media were down 15% in Q3 and 16.5% through nine months. On the plus side, Blu-ray Disc sales rose about 4% in the quarter from a year earlier.
Content that can be viewed in 4K Ultra HD made great gains in the quarter, according to DEG. More than 7.6 million 4K UHD TVs were sold in the first nine months of 2017, bringing the total number to more than 23 million. In addition, approximately 1.5 million 4K UHD Blu-ray playback devices were sold through the end of September, bringing the total number of players sold to date since the technology was introduced to 4.8 million (including game consoles).