Media sales flat in 2007
May 2, 2008
The total haul for the 12-month period — rental dollars from movie theaters, TV fees and video/DVD receipts returning to the six major companies — came to $42.9 billion, slightly down from 2006’s $43 billion. The U.S. market slipped from 2006’s $24.5 billion to $22.7 billion, while international advanced from $18.5 billion to $20.2 billion.
The industry’s prevailing fear that home video sales are fast eroding was confirmed in the report, which indicated that the 5% uptick in international sales could not offset the eyebrow-raising 17% plunge in the U.S. domestic market. Moreover, the summary notes, a 4% growth in DVD in 2007 was not enough to offset the 850% decline in VHS.
Via THR
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