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Article: World DVD markets in position: retail DVD takes control as rental DVD overtakes rental VHS.(digital versatile disks)(Video Home System)
- Article from:
- Screen Digest
- Article date:
- November 1, 2004
CopyrightCOPYRIGHT 2004 Screen Digest Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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World analysis
DVD spending compensates for fall in VHS and VCD sales
Consumers worldwide spent almost $50bn on buying and renting video software in 2003--up more than 15 per cent on the amount spent in 2002. DVD is increasingly cannibalising the VHS and Video CD (VCD) markets. A 30 per cent decline in VHS software spending to just under $14bn and a more modest 11 per cent fall in VCD software spending to $800m was compensated by strong growth in DVD spending by consumers worldwide in 2003. Worldwide consumer spending on DVD software rose more than 55 per cent to just over $35bn in 2003 compared with a year earlier, continuing the format's strong growth ...