US home video spending rises 2nd year straight on digital sales, streaming, Blu-ray

LOS ANGELES, Calif. – U.S. home video spending rose nearly 1 per cent to $18.2 billion in 2013, the second straight year of growth as higher spending on video streaming subscriptions and digital purchases offset the decline in DVDs.

The figures were released by the consortium of Hollywood studios and electronics makers, The Digital Entertainment Group, on Tuesday.

Digital sales of movies and TV shows rose 47 per cent to $1.2 billion, while subscription streaming spending rose 32 per cent to $3.2 billion.

Blu-ray disc sales rose about 5 per cent, but overall physical disc sales fell 8 per cent to $7.8 billion. Rental revenue fell 5 per cent to $6.1 billion.

The group credited the growth to increased use of high-definition TVs and Blu-ray players and greater adoption of its cloud storage system, UltraViolet, now with 15 million accounts.