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Home Entertainment Market Down 4.8% in First Half »
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Home Entertainment Market Down 4.8% in First Half
Spending on home entertainment sales and rentals fell 4.8% from the year-earlier period, to $10 billion, in the first half of 2007, with video rentals down 3.3% (totaling $3.8 billion) and sales - of all formats, aggregated - down 6.5%, to $6.2 billion, according to Video Business (VB)Â research.
The cumulative box-office of DVDs released in the first half was down 5%, and there were fewer releases with a box-office topping $100 million, in the first half; however, box-office on summer releases due on DVD in the second half is already up 5% over last year, VB writes.
According to Video Business’s data:
- Fox, Sony, Paramount Home Entertainment and Lionsgate gained market share:
- Fox climbed to No. 2, with a 17% share.
- Sony, with the biggest share of rentals during the period and a 40% increase in catalog sales, was No. 3 with a 15.7% share.
- Paramount’s share increased to 11.9%.
- Walt Disney Studios Home Entertainment and Universal Studios Home Entertainment market shares decreased.
- Industry-wide catalog sales were down 5%, but Paramount, Sony, Fox and Lionsgate all reported gains.
- Blu-ray Disc and HD DVD sales, meanwhile, overtook VHS.
- Sliding DVD sales are putting more pressure on studios to develop the high-def market in the fourth quarter.
Top 20 rentals in 1H07:
