Total U.S. home entertainment spending inched ahead 0.24 percent...
Total U.S. home entertainment spending inched ahead 0.24 percent in Q3 to $3.9 billion, but spending on physical disc subscriptions plummeted 50.4 percent to $301 million, the Digital Entertainment Group said Friday. Total rental spending, excluding video on demand, was…
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down 24 percent to $1 billion for the quarter, which included the Olympic Games, while total spending on rentals, including VOD, was down only 16.5 percent to $1.5 billion, DEG said. Rentals at brick-and-mortar stores fell 19 percent to $286 million, but kiosk sales rose 9.86 percent to $454.8 million, DEG said. Total subscription spending, for streaming and discs, advanced 2.1 percent to $880.6 million for the quarter, according to data. In digital, the largest growth was seen in subscription streaming, up 127 percent to $579 million, followed by electronic sell-through at 38 percent to $187 million and VOD, up 8.5 percent to $455 million, it said. Sell-through of packaged goods, declined 4 percent to $1.7 billion for the quarter, DEG said. In 2012 to date, total U.S. home entertainment spending is up a percentage point to $12.3 billion, it said.