Friday, 9 January 2015

DVDs and Blu-rays accounted for 89% of UK video entertainment spend in 2014

"According to findings from the British Video Association, the UK video entertainment market is buoyant, with total spending just under £2.2 billion, similar to 2013. Digital continues to boost the video entertainment market with a 30 per cent growth in 2014.
Consumers prefer to own their videos
Buying videos to own and keep is overwhelmingly the preferred choice for consumers representing two thirds of all video spend. Total retail sales were £1.43 billion in 2014 with DVDs and Blu-rays accounting for 89 per cent of spend, the balance being consumers boosting video disc collections with Digital HD downloads.
Resurgence in video rental
Video rentals and subscriptions accounted for one third of consumer spending. Total rentals and subscriptions were estimated to be £755 million in 2014 with pay TV on-demand and internet subscription services accounting for 81 per cent of rentals, the balance being disc rentals.
Half of population buy videos to own and keep
Some 22 million people in Great Britain bought a video to own on DVD, Blu-ray or as a Digital HD download during the year, more than those that visited the cinema (16 million). Meanwhile 7.5 million people rented a video, according to shopping analysts Kantar Worldpanel.
Million Sellers
Four titles sold more than one million copies during 2014. Walt Disney Studio’s Frozen became the biggest title this decade with sales of 4 million copies on DVD and Blu-ray disc whilst The Hobbit – The Desolation Of Smaug and The Lego Movie, both from Warner Bros, and The Hunger Games – Catching Fire, from Lionsgate, each sold more than one million copies during 2014."

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