DVDs still biggest moneymaker for movie industry
By Behind The Scenes TV on Jul 17, 2007 in DVD, Film Business, News
Despite competition from Internet-based movie delivery, cable and satellite on-demand, and digital cinema, DVD continues to attract the majority of consumer spending on movies, according to the 2007 Annual Report on the Home Entertainment Industry, which was released today.
Relying on data from industry sources, the report states that consumers spent $23.0 billion on DVD purchases and rentals in 2006, compared to $9.5 billion in box office revenue and $982 million for Internet, cable, and satellite on-demand. The report was released in conjunction with EMA’s Home Media Expo 2007, the annual convention for the home entertainment industry, which opens tomorrow at the Venetian Resort Hotel Casino in Las Vegas.
(Source: Entertainment Merchants Association)
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