DVD Entertainment Group Re-Charters as Digital Entertainment Group; Expanded Mission Embraces DVD and Other Emerging Technologies.Entertainment Editors/Business Editors VSDA VSDA Video Software Dealers Association Home Entertainment 2003 LAS VEGAS--(BUSINESS WIRE)--July 29, 2003 First Half 2003 Sales of DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. Software and Hardware Continue to Skyrocket Members of the home entertainment industry met today at the opening session of the Video Software Dealer Association's Home Entertainment 2003 in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. to announce that the DVD Entertainment Group -- a six-year-old trade association charged with promoting the DVD format See VOB and DVD. -- will expand its mission and change its name to the Digital Entertainment Group (DEG). Under its new charter, the Digital Entertainment Group will continue to advocate and promote 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 Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. , the DEG will now offer 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. The new charter takes effect August 1. "The momentum behind consumer enthusiasm for DVD is evident, and as an industry, we will remain dedicated to promoting acceptance and understanding of the format," said Bob Chapek, president, Buena Vista Home Entertainment and president, DVD Entertainment Group, at the VSDA opening session. "Yet our revised mission reflects our organization's forward-looking commitment to explore new issues and opportunities that relate to emerging technologies on the horizon. The fact that the Digital Entertainment Group is comprised of both hardware and entertainment software companies gives us a unique forum for the discussion of such future potential technologies." "We're pleased with the many accomplishments we've made working together as an industry under the umbrella of the DVD Entertainment Group," said Emiel N. Petrone, executive vice president, Philips Corporate Alliance Group and chairman, DVD Entertainment Group. "We look forward to our continued partnership of hardware manufacturers and content providers as we move forward with our new agenda as the Digital Entertainment Group." DVD SOFTWARE SHIPMENTS CONTINUE TO SOAR DVD continues to be a driving force for the entertainment industry in the first half of 2003 with more than 427 million DVD units shipped to retail. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. figures compiled by Ernst & Young on behalf of the DEG, the total number of units shipped in North America has reached nearly 1.8 billion since launch.
DVD-VIDEO SOFTWARE SHIPMENTS BY QUARTER (in millions)
QUARTER 1997 1998 1999 2000 2001 2002 2003
---- ---- ---- ---- ---- ---- ----
1st Quarter N/A 3.3 11.1 29.0 69.2 120.1 231.7
2nd Quarter N/A 4.1 13.9 33.2 81.7 152.2 195.5
3rd Quarter 2.3 5.9 29.0 42.7 75.9 153.3 ---
4th Quarter 3.2 11.8 44.0 77.5 137.6 259.4 ---
YEARLY TOTAL 5.5 25.1 98.0 182.4 364.4 685.0 427.2
TOTAL 30.6 128.6 311.0 675.4 1,360.4 1,787.6
(a/o
(since launch - 6/30/03)
North America)
Figures compiled by Ernst & Young on behalf of the DVD
Entertainment Group
MORE THAN 66 MILLION DVD PLAYERS SOLD IN THE U.S. According to figures compiled by the DVD Entertainment Group based on data from the Consumer Electronics Association (CEA CEA carcinoembryonic antigen. CEA abbr. carcinoembryonic antigen CEA (Carcinoembryonic antigen) ), retailers and manufacturers, more than 10 million DVD players were sold to consumers in the first half of 2003, a 44 percent increase over the same period last year. More than 66 million DVD players have sold since launch, bringing the number of DVD households to over 46 million (adjusting for households with more than one player).
U.S. DVD HARDWARE SALES BY QUARTER (in millions)
QUARTER 1997 1998 1999 2000 2001 2002 2003
---- ---- ---- ---- ---- ---- ----
1st Quarter .030 .094 .358 1.350 2.220 3.565 4.858
2nd Quarter .079 .149 .611 1.435 2.404 3.750 5.506
3rd Quarter .077 .244 .880 1.550 2.537 4.740 ---
4th Quarter .119 .459 1.701 5.542 9.501 13.058 ---
YEARLY TOTAL .305 .946 3.550 9.877 16.662 25.113 10.364
TOTAL 66.817
(since launch) (a/o
6/30/03)
Includes set-top and portable DVD players, Home Theater in a Box
systems, TV/DVD and DVD/VCR combination players.
DVD Entertainment Group
Consumer intent to purchase DVD players continues to be stronger than all other electronics products according to a recent report from CEA. Nearly a third (32 percent) of all non-owner households expect to purchase some type of DVD player in the next year, a higher percentage than those with intent to buy them last year (28 percent). "As we continue to embrace the success of the DVD format, consumer enthusiasm for DVD hardware and software also continues to be one of the primary drivers for the overall success of Home Theater," said Gary Bauhard, director of marketing, Pioneer Electronics and DEG vice president. "DVD, as the center of the Home Theater experience, has directly contributed to the growth of other consumer electronics categories, such as display and HTiB." Regular members of the DEG are 5.1 Entertainment Group, Artisan Home Entertainment, Buena Vista Home Entertainment, Columbia TriStar Home Entertainment, DreamWorks Home Entertainment, DTS (1) (Digital Theatre Sound) A digital audio encoding system used in movie and home theaters. Popularized by the movie Jurassic Park, the six-channel (5. Entertainment, EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. Recorded Music, Funai Corporation, HBO Hyperbaric oxygen therapy (HBO) A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber. Mentioned in: Ozone Therapy Video, Image Entertainment, JVC JVC Victor Company of Japan (or Japan's Victor Company) JVC Jewelers Vigilance Committee JVC Jesuit Volunteer Corps JVC Jet Vane Control (directs VLS-launched missiles) JVC Jonker-Volgenant-Castanon Company of America, MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. Home Entertainment, New Line Home Entertainment, Panasonic Consumer Electronics, Paramount Home Entertainment Paramount Home Entertainment (formerly Paramount Home Video) and (Paramount Video) is a home video company founded in 1976. It is a division of Paramount Pictures, which in turn is owned by Viacom. , Philips Consumer Electronics Philips Consumer Electronics is a part of Koninklijke Philips Electronics N.V. (usually known as Philips); and is one of the largest electronics companies in the world. In 2005, its sales were € 30.4 billion (US$38. , Pioneer Electronics (USA), Sony Electronics, Sony Music Entertainment Sony Music Entertainment is a major global record label controlled by the Sony Corporation. In 1988, Sony Corporation acquired CBS Records, Inc. for $2 billion. CBS Inc., now CBS Corporation, retained the rights to the CBS name, and Sony renamed the label , Thomson, Toshiba America Consumer Products, Twentieth Century Fox Home Entertainment, Universal Music Group, Universal Studios Home Video and Warner Home Video Warner Home Video is the home video unit of Warner Bros. Home Entertainment Group, a division of Warner Bros. Entertainment, Inc. It was founded in 1978 as WCI Home Video (for Warner Communications, Inc.). It was re-named Warner Home Video in 1980. . Associate members are Alta Resources, Blink Digital, Clear-Vu Products, Crest National, Deluxe Media Services, Digital Video Compression Corporation, InterActual Technologies, Macrovision, Media Copy, Metropolis DVD, MX Entertainment, Muze, Sonopress, Sony Disc Manufacturing and Technicolor. Interested consumers can reach the Digital Entertainment Group at 310-967-2953, via e-mail at getinfo@dvdinformation.com or through its web site at www.dvdinformation.com. |
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