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Article: World video turns corner: global consumer spending on video software falls.(Profile)
- Article from:
- Screen Digest
- Article date:
- November 1, 2006
CopyrightCOPYRIGHT 2006 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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RISE AND FALL OF WORLD VIDEO SOFTWARE
World consumer spending on buying and renting video software fell for the first time in eight years in 2005. Consumers worldwide spent $51.8bn on video software in 2005--down more than six per cent on the amount spent in 2004. Although DVD software spending rose to a new high in 2005, up five per cent compared with the previous year to $48.1bn, it proved insufficient to compensate for a 62 per cent fall to $3.4bn in VHS spending over the same period.
Trade-level revenues from video software also fell for the first time since 1997, albeit less than consumer spending in 2005, dropping four ...