DEG: Entertainment Sales Down in Quarter
DEG (The Digital Entertainment Group) reported figures Monday stating that revenues for the home entertainment industry dropped five percent in the first quarter of this year, a five percent drop off the same period in 2008.
However, the amount of consumer transactions for the sector, which includes DVD, Blu-ray Disc and digital distribution, remained flat at just under 900 million. Highlights for the quarter included 105 percent growth of Blu-ray, as well as a 19 percent jump in digital distribution.
“People are choosing new ways to consume entertainment, but there is no clear evidence of a long-term change in consumer behavior,” DEG president Ron Sanders, who is also president of Warner Home Video, said as part of the announcement. “What we are very likely seeing here is an understandable consumer reaction to the difficult financial times in which we find ourselves.”