13 Jan Digital Lifted Consumer Home Entertainment Spending to Record Heights in 2019 [MPN]
By T.K. Arnold
January 13, 2020 | Consumer spending on home entertainment rose 8.4% to a record $25.2 billion in 2019, spurred by the at-home sector’s biggest growth engine, digital, according to DEG: The Digital Entertainment Group. Subscription streaming, digital movie sales and digital movie rentals over the Internet all generated significantly more money than they did in 2018, DEG reported.
The trade association estimates consumers spent $15.9 billion on subscription streaming, which now accounts for 63% of the entire home entertainment market. That’s a 23.7% spike from 2018.
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