Digital Video Forums  

Go Back   Digital Video Forums > General > Latest News

Reply
 
LinkBack Thread Tools Search this Thread Rate Thread Display Modes
Old 2 Jan 2014, 10:29 PM   #1
Administrator
 
admin's Avatar
 
Join Date: Nov 2001
Posts: 8,622
Default Streaming and Downloads Helps UK Entertainment Sales to Rise After Five Year Decline

The likes of Netflix and Spotify, and iTunes, have helped the UK home entertainment industry to post a rise in sales in 2013, according to new figures released by the Entertainment Retailers Association (ERA).

The growth of digital sales in music, movies and gaming have not only helped to offset the decline in physical sales, they have allowed the industry to record its first rise in sales since 2009.

Digital video sales grew by 40.2% compared to the previous year, with music streaming up 33.7% and digital game downloads up by 16.4%. Physical sales declined at the same time, with video down 6.8%, music down 7.6% and games down 2.9%.

Spotify was highlighted in the results as one of the year's best performers for the music industry, with the streaming service contributing ú103.1m to the music industry's revenues. This accounted for 10% of the entire industry's revenues for the year.

Also a highlight was the fact that digital game sales exceeded physical sales for the first time ever, on the back of hit releases such as GTA V and FIFA 14. Despite this, sales of physical formats still equaled 56% of all home entertainment spending.

Overall, consumers spent ú5.4 billion in 2013 on home entertainment, up 4% compared to 2012, the first increase in five years.

ERA director general Kim Bayley hailed these results and the shift towards digital sales. "This is a stunning result after at least five years of decline," said Bayley. "New technologies have historically presented challenges to the entertainment business, but these results show how our members are helping music, video and games companies find new markets."
__________________
Visit Digital Digest and dvdloc8.com, My Blog
admin is offline   Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Blu-ray and Digital Rise To Offset DVD's Decline admin Latest News 0 11 Aug 2013 06:01 PM
New Research: Pre-Release Piracy Helps Album Sales admin Latest News 0 19 May 2012 06:36 PM
Japanese Government Think-Thank: Piracy Helps Sales! admin Latest News 0 5 Feb 2011 02:52 PM
Illegal Downloads on the Rise, Study admin Latest News 1 21 Dec 2009 05:37 PM
Report: Global Blu-ray Sales Jump, But Not Quite Enough to Offset DVD Decline admin Latest News 0 16 Jun 2009 03:05 PM



All times are GMT +10. The time now is 10:23 AM.

Kirsch designed by Andrew & Austin


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Copyright © 1999 - 2018 Digital Digest

Visit DivXLand   Visit dvdloc8.com