Marking a major milestone in home entertainment’s shift to digital formats, video streaming subscription revenues surpassed DVD / Blu-ray sales in the United States for the first time in 2016. While U.S. consumers spent $6.23 billion on subscriptions to services such as Netflix (up 23% from 2015), DVD and Blu-ray sales dropped 9.5 percent to $5.49 billion, according to the Digital Entertainment Group's year-end report.
Looking at the home entertainment market as a whole, it is clear that the future of video distribution is digital. While consumer spending on streaming subscriptions, video on demand and electronic sell-through increased in 2016, all physical formats, both sell-through and rental, suffered double-digit declines. Digital business models now account for 56% of home entertainment spending and could soon…
n""> As more Americans find the price of their bundling packages too expensive to bear, there also lies a race between content providers in the background to grab their share of the streaming video market.
n"">Last month HBO announced they too will launch its streaming service in 2015.
n"">Adding to the mix, online retailer Amazon.com Inc will release a new …
Note: this page contains paid content.
Please, subscribe to get an access.