Consumer Spending on Movies Increased in Q1 of 2012
The Digital Entertainment Group (DEG) has reported that consumer spending on movies rose in the first quarter of the year, the first such rise in many years. Consumers spending increased by 2.5 percent for the quarter to $4.45 billion, which came on the back of a staggering 545.5 percent increase in subscription-based streaming over the same period. However, bricks-and-mortar retail outlets continue to suffer, with rentals from stores down a precipitous 39.4 percent.
In further evidence that bills such as SOPA may not be necessary, consumers spent $2.06 billion on Blu-ray discs