Digital video subscriptions and downloads overtake DVD sales for first time

The rise of Amazon and Netflix meant that digital film and TV subscriptions overtook sales of DVDs and Blu-ray discs for the first time in 2016, according to the Entertainment Retailers Association.

Digital video subscriptions and downloads overtake DVD sales for first time

It said its preliminary figures show that the digital video market has become the majority at 58%.

The data showed that digital video revenues increased 23% year on year to £1.3bn. Revenues for DVDs and Blu-ray discs fell 17% to £893.6m.

Sales for the whole digital market – which includes video, music and games – increased 3% year on year to an all-time record of £6.3bn.

Kim Bayley, the chief executive at the ERA, said: "The music, video and games industries were understandably nervous about the advent of new digital services, but these figures provide resounding evidence of the benefits of our members’ investment in innovation.

"To have added over £1bn in new revenues in just four years is an incredible achievement. To put it another way, take away today’s digital services and the entertainment market would be barely a third the size it is today."

Subscribe to Campaign from just £57 per quarter

Includes the weekly magazine and quarterly Campaign IQ, plus unrestricted online access.

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
How easyJet transformed customer data into emotional anniversary stories
Shares0
Share

1 How easyJet transformed customer data into emotional anniversary stories

To showcase innovation and good practice, Campaign is publishing the best case studies from the 2016 Marketing New Thinking Awards, held in association with Sky Media. EasyJet and Havas Helia triumphed in the Data Creativity category for their data-driven work on the airline's 20th anniversary.

Just published

More