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Media
Information > Media DVD Coverage 
Archive
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| Updated July 30, 2007 DVD
NEWS DIGEST
1 -
Bridge To Terabithia Walt Disney Home Entertainment
Consumers spent a projected $10.7 billion on home video in the first six months of the year, down 2% when compared with the midway point of 2006, according to studio estimates and Home Media Magazine market research. Rental spending was projected to remain flat at $3.9 billion, while DVD sales were pegged at $6.8 billion, down 3%. One reason for the decline in consumer spending could be the overall weaker boxoffice value of first-half DVD releases, off about 9% year-over-year.
Hollywood Reporter: UK Crosses Billion DVD Sales Mark More than a billion DVDs have been sold in the U.K. in the decade since the format launched, the British Video Assn. reported. The BVA also noted that the landmark total was reached seven years sooner than on VHS, showing, director general Lavinia Carey said: "The strength of DVD as a format and the continuing enthusiasm for DVD by the public."
Digital cinema and high-definition DVD sales are expected to fuel worldwide consumer spending on filmed entertainment through 2011, PricewaterhouseCoopers said in its latest five-year outlook. The report, called "Global Entertainment and Media Outlook: 2007-2011," forecast average annual growth of 4.9 percent to $103.3 billion from $81.2 billion in 2006, with the Asia-Pacific region growing fastest, at an average annual pace of 6.8 percent. Download-to-own services are expected to provide a relatively small but rapidly growing revenue stream in the United States, Europe, Africa and the Middle East, while piracy will take a bite off revenue in Asia and Latin America, the report said. In the United States, digital cinema, with its superior images and ease of distribution, will reinvigorate the box office to the tune of $11.7 billion by 2011, the report said. U.S. box office grosses hit an all-time high of $9.53 billion in 2004 and are recovering from a three-year downturn. The proliferation of digital cinema--expected to reach 40 percent of all U.S. screens by the middle of next decade--will shorten theatrical runs as studios push for wider releases and bring DVDs to market sooner to benefit from film ad campaigns. Digital 3D screens will have an impact later in the decade, as the number of available screens grows enough to allow wide releases of 3D films now in the production pipeline for 2009. Sales of physical DVDs will fall as alternate distribution channels grow but will continue to dominate all types of U.S. home video retail sales, which will grow at an average rate of 5.1 percent to $21.9 billion by 2011. U.S. in-store DVD rentals, the forecast's weak spot, will decline at an average of 1.1 percent to end 2011 at $7.1 billion, versus $7.5 billion in 2006, PricewaterhouseCoopers said. end
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