Revenue from SVOD services in the United States toped $1.50 billion in the second quarter, up from $1.25 billion a year ago, a 21% increase Y/Y, following a first quarter that saw 19% Y/Y growth, a new report said.
Digital Entertainment Group’s 2Q Home Entertainment Report also said VOD and electronic sell through (EST) grew 7.2% and 8.7% respectively during the quarter to $518.1 million and $466.3 million.
Overall home entertainment spending was up 6.1% to $4.3 billion for the second quarter, said DEG, with total digital spending increasing 15.2% to $2.49 billion.
Boding well for the future, was an increase in the spend on 4K Ultra HD devices and TVs.
Americans bought more than 1.4 million 4K Ultra HD TVs in the second quarter, a 119% increase from a year ago, bringing the number of UHD sets to more than 8 million. HDTV penetration is approaching the number of U.S. households. The DEG estimates that 95% – 104.1 million – of all U.S. homes have at least one HDTV.
And, according to the report, more than 45 4K/UHD Blu-ray title releases were available in the first half of the year with sales topping 288,000 units, adding content to the 4K fire.
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