Stay-at-Home Orders Drove 34% Bump in Q2 Home Entertainment Spending: DEG
COVID-19 shelter-in-place mandates fueled a 33.6% year-on-year jump in U.S. home entertainment spending in Q2 to $7.9 billion, led by subscription VOD at $5.5 billion, said the Digital Entertainment Group Thursday. Electronic sell-through spending spiked 57% to $864 million. Overall…
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first-half consumer spending across digital and physical home entertainment formats was $15.1 billion, up 25.7% vs. first half 2019. After years of double-digit drops, spending declines on DVDs narrowed to 6% in the quarter, it said. Q2 box office spending was off 23.9% to $1.67 billion in the quarter.