11 Nov Streaming Now Accounts for Nearly 85% of Consumer Home Entertainment Spending, DEG Says [Media Play News]
BY THOMAS K. ARNOLD
November 11, 2022 | Consumer spending on home entertainment once again rose sharply in the third quarter of 2022, according to estimates released Nov. 11 by DEG: The Digital Entertainment Group.
But the gains, as usual, were lopsidedly from the subscription streaming sector, while transactional revenues — physical and digital combined — were down.
Of the total estimated consumer spend of $9.1 billion in the three-month period that ended Sept. 30 — a figure that’s up a healthy 13.1% from the third quarter of last year — nearly $7.7 billion, or just over 84%, came from streaming subscriptions. SVOD spending rose 17.3% in the quarter and is up 17.5% for the nine months through Sept. 30 at $22.3 billion. Total consumer home entertainment spending for the first nine months of the calendar year is up 12.2% to an estimated $27 billion, the DEG says.
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