VOD, EST drive US home entertainment to be worth $20.5BN in 2017 | Media Analysis | Business
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US consumers’ demand for access to films and TV shows at home and on-the-go has driven home entertainment spending in the country to rise 5% annually in 2017, totalling $20.5 billion, says the Digital Entertainment Group (DEG).

SonyHDR 9Jan2018In its Year-End 2017 Home Entertainment Report, compiled by members of the association that advocates and promotes entertainment platforms, products and distribution channels, DEG found that total US home entertainment spending outperformed the industry’s box office sales.

Particular growth in consumer spending on theatrical titles was seen in electronic sell-through and video-on-demand (VOD). Electronic sell-through rose nearly 6%, driven by a 12% increase in theatrical purchases.

Growth was also strong for integrated VOD, which climbed 11% compared with 2016 and including streaming, in particular subscription video-on-demand (SVOD), and total digital sales rose nearly 20% in 2017 compared with the previous year.

DEG also found that consumers are continuing to adopt 4K/Ultra HD technology. DEG discovered that more than 14.6 million 4KTVs were sold in 2017, bringing the total households to date to more than 30 million. In addition, it calculated that there were approximately eight million households with 4K/Ultra HD Blu-ray playback devices, including set-top players and game consoles.

In terms of 4K/Ultra HD content, the report  found that the number of 4K/Ultra HD titles available grew to 267 at the end of 2017, representing some $147 million in sales, with growth of 187%. Among the best-selling titles were Moana, Rogue One: A Star Wars Story, Beauty and the Beast, Wonder Woman and Trolls.

When including the Ultra HD sector, total HDTV penetration stood at more than 120 million households. Blu-ray playback devices (including set-tops and game consoles) were found to be in 97 million US households.