DEG: The Digital Entertainment Group announced it has released its mid-year 2019 home entertainment report for the United States.
For more information visit: www.degonline.org
Unedited press release follows:
DEG: The Digital Entertainment Group today released its Mid-Year 2019 Home Entertainment Report compiled by DEG members, tracking sources and retail input.*
Home Entertainment Spending Rose Nearly 7% in 2019 Second Quarter and First Half
Overall Digital Revenue Grew 16% as Movie-Loving Consumers Continue Shift to Electronic Formats
August 13, 2019 — Consumers spent nearly $6 billion on movies and TV shows for home entertainment in the second quarter of 2019, up 7 percent from the same period a year earlier. Digital spending continued to be the driving force, rising nearly 16 percent overall. The increase in U.S. home entertainment spending in the quarter came amid a nearly 10 percent drop in box-office performance for the films released in the period. The result compared to $5.6 billion spent in the second quarter of 2018.
Through the first six months of 2019, spending rose 6.7 percent to $12 billion compared to $11.3 billion in the six-month period a year earlier.
Among the highlights for the First Half of 2019:
• For the first six months of 2019, total digital was strong, rising 16 percent from the same period in 2018 while subscription streaming climbed nearly 22 percent.
• Consumer demand for theatrical releases continued to grow across digital formats. First- half spending on theatrical EST rose nearly 8 percent, while spending on theatrical titles on VOD was up more than 9 percent. The increase for the six months came amid a nearly 16 percent drop-in box-office performance for films released in the first half.
• Digital transactions and subscription streaming continue to offset declines in physical sales and rentals. Internet-delivered VOD grew 10 percent in the first half as service options continue to proliferate and are embraced by consumers.
If you would like to discuss the DEG’s Mid-Year 2019 Home Entertainment Report, please contact the DEG at 424-248-3809.
* Please note, these numbers are preliminary. Final numbers will be available in early September. Please contact the DEG for an updated version.
