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DVD DRIVES VIDEO INDUSTRY TO RECORD BREAKING YEAR DVD Players in More Than Half of U.S. Homes LAS VEGAS (Jan. 8, 2004) – For the second consecutive year, DVD sales have helped make home video America's most popular entertainment medium with consumer spending exceeding that of movie tickets, video games, music and mass-market books, announced today by the DEG: The Digital Entertainment Group at the International Consumer Electronics Show. In 2003, consumers spent $22.5 billion renting and buying DVD and VHS versus $9.2 billion moviegoers spent at the theatrical box office. Consumer spending on home video was up 18.2 percent over last year with DVD representing 72 percent of all home video transactions. DVD retail sales grew to $11.6 billion in calendar 2003, an increase of 33 percent over last year. Consumers also spent $4.5 billion renting DVDs, up 55 percent from 2002. The fourth quarter was particularly strong for DVD with more than 381 million DVD titles shipped to retail according to figures compiled by Kaplan, Swicker and Simha on behalf of the DEG. This is a 43 percent increase over the fourth quarter 2002. More than one billion software units were shipped in 2003 bringing the total number of units shipped since launch to nearly 2.4 billion discs.
Figures compiled by Ernst & Young on behalf of the DEG: Digital Entertainment
Group
"“With sales of both hardware and software reaching new record levels, the DVD format has emerged as the dominant format in the home entertainment industry said Bob Chapek, president of Buena Vista Home Entertainment and president of DEG: The Digital Entertainment Group. “We should all look ahead with unbridled enthusiasm as the growth of this format grows further into the mass market which will prove to open even more doors for this industry.” There are currently some 29,000 DVD titles available. Finding Nemo (Buena Vista Home Entertainment) topped the year’s DVD sales followed by numerous DVDs that broke sales records in 2003, selling in excess of five million copies.
Source: Video Store Magazine
Music on DVD titles, including both DVD Music Video and DVD-Audio, continue to be a growing part of the DVD format. Sales for DVD Music Video titles jumped 102 percent in 2003, to 17.2 million units, according to Nielsen SoundScan. Total sales are expected to climb higher still for the coming year. There are currently more than 4,000 DVD Music Video and DVD-Audio titles available. All of these can be played on a current DVD player, or in a DVD-Audio/Video model to experience the Advanced Resolution sound of DVD-A titles. As with DVD Music Video, DVD-Audio offers fans “backstage access” to bonus features such as additional footage, lyrics, exclusive photos and other extras. DVD Music Video titles are available from a variety of artists across a broad range of genres, with some of 2003's bestsellers including DVDs from Cher (Image Entertainment), Dixie Chicks (Columbia Records), Norah Jones (BlueNote Records), Dave Matthews Band (RCA Records), Paul McCartney (Capitol Records), Rolling Stones (Redline Entertainment), Tenacious D (Epic Records) and Led Zeppelin (Atlantic Records). Top DVD-Audio discs of the year also featured a variety of artists such as The Beach Boys (Capitol Records), Blue Man Group (Virgin Records), Fleetwood Mac (Warner Bros. Records), Queen (DTS Entertainment), R.E.M. (Capitol Records), Santana (Arista Records), Sting (Universal Music Group). More Than 90 Million DVD Players Sold In The U.S. According to figures compiled by the DEG based on data from the Consumer Electronics Association (CEA), retailers and manufacturers, nearly 34 million DVD players were sold to U.S. consumers in 2003, approximately a 34 percent increase over last year. And, nearly 17 million DVD players sold in the fourth quarter alone, a 29 percent increase over the same period last year. In total, more than 90 million DVD players have sold since launch, bringing the number of DVD households to nearly 57 million (adjusting for households with more than one player). Due to the variety of players available, approximately 37 percent of DVD owners have more than one player. "DVD players have a profound impact on the consumer electronics landscape," said Joe Stinziano, general manager, home audio/video, Sony Electronics and vice president, DEG. "And, with the broad range of hardware available, DVD will play an even greater role in the future."
*Includes set-top and portable DVD players, Home Theater in Box systems,
TV/DVD and DVD/VCR combination players
DEG: Digital Entertainment Group The DEG estimates that there 30 million additional players will be sold in 2004 bringing household penetration to about 65 percent. The DEG projects that two out of every three homes will have a DVD player by the end of 2004. The DEG: Digital Entertainment Group (formerly the DVD Entertainment Group) is a Los Angeles-based, industry-funded nonprofit corporation that advocates and promotes the many benefits associated with DVD while providing updated information regarding the format to both the media and the retail trade. As an industry-funded, nonprofit organization, the DEG offers opportunities for member companies to engage in ongoing discussions concerning various issues and opportunities, which relate to other new digital technologies that may emerge in the future. Regular members of the DEG are Buena Vista Home Entertainment, Columbia TriStar Home Entertainment, DreamWorks Home Entertainment, DTS Entertainment, EMI Recorded Music, HBO Video, Image Entertainment, JVC Company of America, Lions Gate Entertainment, MGM Home Entertainment, New Line Home Entertainment, Panasonic Consumer Electronics, Paramount Home Entertainment, Philips Consumer Electronics, Pioneer Electronics (USA), Sony Electronics, Sony Music Entertainment, Thomson, Toshiba America Consumer Products, Twentieth Century Fox Home Entertainment, Universal Music Group, Universal Studios Home Video and Warner Home Video. Associate members are Alta Resources, Blink Digital, Clear-Vu Products, Deluxe Media Services, Digital Video Compression Corporation, InterActual Technologies, Macrovision, Metropolis DVD, MX Entertainment, Muze, Sonopress, Sony Disc Manufacturing and Technicolor. Interested consumers can reach the DEG at (310) 967-2940, via e-mail at getinfo@digitalentertainmentinfo.com or through its web site at www.digitalentertainmentinfo.com.
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