Hi-Def Consumer Investing Up 58 Percent Over Same Quarter This Past Year

Blu-ray-enabled homes now total 33.5 million, with consumer investing around the high-definition packed-media format up 58 percent within the quarter, in comparison with similar period this past year. The surge arrives simply to some 60 % begin sales of catalog Blu-ray releases, brought by The Exorcist, Citizen Kane, Scarface and also the Large Lebowski, amongst others. Electronic sellthrough of recent-release movies elevated 13 percent within the quarter. Overall, sellthrough for DVD and Blu-ray movies rejected 4 % to a lot more than $1.7 billion, in comparison with $1.8 billion this past year. When coupled with electronic sellthough, sales of movies dropped under 3 % in the same period this past year. PHOTOS: Netflix's 10 Most Leased Movies ever Additionally to electronic sellthrough, transactional video-on-demand elevated nearly five percent to $419 million, in comparison with $400 million this past year. Subscription streaming revenue capped $255 million. Traditional brick-and-mortar video store rental revenue dropped a lot more than 28 percent to $353 million from $495 million this past year. It marks the very first time that transactional VOD revenue surpassed traditional video store rental revenue. Simultaneously, subscription rental of DVD/Blu-ray elevated nearly five percent to $607 million from $579 million. Kiosk revenue, including Redbox and Blockbuster Express, increased 23.3 % to $414 million, in comparison with $335 million this past year. Total rental revenue, excluding VOD, rejected 2.4 % to $1.37 billion from $1.4 billion. With VOD, total rental revenue rejected under 1 % to $1.79 billion from $1.8 billion. Heading in to the all-important 4th quarter, the DEG is certain that theatrical blockbusters entering the retail funnel, including Captain America: The Very First Avenger, Cars 2, Cowboys & Aliens, The Hangover Part II, Harry Potter and also the Deathly Hallows - Part 2, The Assistance, Kung Fu Panda 2, Rise from the Planet from the Apes, The Smurfs and Water for Tigers, continues the positive trend into 2012. Related Subjects The Exorcist