Home video spending in the U.S. decreased slightly in 2005 compared to 2004, according to a report issued by the Digital Entertainment Group today (jan. 5) at the International Consumer Electronics Show in Las Vegas.
The DEG says that consumers spent $24.3 billion renting and buying DVD and VHS in 2005, compared to $24.5 billion in 2004.
The DVD market, however, did experience an 8% uptick in 2005. Consumers spent $22.8 billion buying and renting DVDs, compared to $21.2 billion in 2004. DVD retail sales increased 5% in 2005 to $16.3 billion, and DVD rentals increased 14% to $6.5 billion.
Total DVD shipments in 2005 reached more than 1.6 billion units, which is a 9% increase over 2004.
While there are now 82 million DVD households in the U.S. (compared to 70 million at the end of 2004), the same number of DVD players—about 37 million—were sold to consumers in 2005 and in 2004.
More than half of DVD owners now have more than one player in their households.
