YTD Consumer SVOD Spending Up 19.5%: DEG
U.S. consumer spending on home entertainment content jumped 9.5% in Q3 from a year earlier to $7.96 billion, driven by the 16.9% rise in subscription VOD to $6.38 billion, reported the Digital Entertainment Group Monday. Packaged media sell-through declined 10.9%…
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in the quarter to $430.49 million, but DEG accentuated the positive, saying the category “showed some resiliency” in Q3, decreasing by roughly half the rate of decline in recent quarters. U.S. home entertainment spending in the first nine months of 2021 increased 6.3% to $23.58 billion, coming amid the nearly 62.5% drop in consumer box office to $1.56 billion. SVOD spending through nine months increased 19.5% to $18.56 billion, said DEG. Packaged media sell-through was down 21.6% to $1.38 billion.