London -- Latest figures from the British Video Assn. on Monday show that the U.K. home entertainment industry is bucking the economic trend and showing continued volume growth.
Sales in the first half of 2008 are up 3.3% compared with the same period last year, thanks to the increased level of consumer choice provided by high-definition formats, the Bva said, adding that Blu-ray Discs are up 506% year to date and have a 1.2% share in the total market.
The Bva said 111.6 million units had been sold this year, including nearly 1 million Blu-ray Discs.
"The availability of DVD, Blu-ray and legal downloading means viewers now have more options when deciding how to consume their home entertainment. This increased supply of choice is one factor attributed to the growing demand," the Bva said.
Top title for the year so far is Disney's "Ratatouille," with more than 1.2 million copies sold, the Bva reported, adding that "Stardust," "Atonement" and "The Golden Compass" also had sold more that 800,000 copies on DVD alone.
"History has shown that in times of economic hardship, consumers find even more value in home entertainment when the leisure pound is stretched as it is," Bva director general Lavinia Carey said.
Sales in the first half of 2008 are up 3.3% compared with the same period last year, thanks to the increased level of consumer choice provided by high-definition formats, the Bva said, adding that Blu-ray Discs are up 506% year to date and have a 1.2% share in the total market.
The Bva said 111.6 million units had been sold this year, including nearly 1 million Blu-ray Discs.
"The availability of DVD, Blu-ray and legal downloading means viewers now have more options when deciding how to consume their home entertainment. This increased supply of choice is one factor attributed to the growing demand," the Bva said.
Top title for the year so far is Disney's "Ratatouille," with more than 1.2 million copies sold, the Bva reported, adding that "Stardust," "Atonement" and "The Golden Compass" also had sold more that 800,000 copies on DVD alone.
"History has shown that in times of economic hardship, consumers find even more value in home entertainment when the leisure pound is stretched as it is," Bva director general Lavinia Carey said.
- 7/7/2008
- by By Sam Andrews
- The Hollywood Reporter - Movie News
LONDON -- The U.K. saw continued growth of the DVD market, with total year-end sales reaching an unprecedented 250 million units during 2007, compared with 229 million in 2006, according to data from the British Video Assn.
Certain genres enjoyed significant share gains throughout the year, notably the film and children's sectors. Film has been driving market development throughout the year, with volumes up 13.2%. Titles including "Casino Royale", "Harry Potter and the Order of the Phoenix" and "Pirates of the Caribbean: At World's End" all sold in excess of 2 million units.
The children's sector also saw double-digit growth, with volumes up 12.8% from 2006.
"As DVD approaches its 10th birthday, we are delighted to see a mature market continue to grow, whilst developing new channels for consumer consumption," BVA director general Lavinia Carey said. "There have been concerns that new technologies and piracy would reduce the physical sales of video. However, distributors and retailers have reacted by offering consumers even more choice and value for money and consumers are clearly responding as the market continues to increase on a monthly basis.
Certain genres enjoyed significant share gains throughout the year, notably the film and children's sectors. Film has been driving market development throughout the year, with volumes up 13.2%. Titles including "Casino Royale", "Harry Potter and the Order of the Phoenix" and "Pirates of the Caribbean: At World's End" all sold in excess of 2 million units.
The children's sector also saw double-digit growth, with volumes up 12.8% from 2006.
"As DVD approaches its 10th birthday, we are delighted to see a mature market continue to grow, whilst developing new channels for consumer consumption," BVA director general Lavinia Carey said. "There have been concerns that new technologies and piracy would reduce the physical sales of video. However, distributors and retailers have reacted by offering consumers even more choice and value for money and consumers are clearly responding as the market continues to increase on a monthly basis.
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