DVD Sales Outpace Last Year's Growth Rate; Shipment of DVD Movies and Music Videos Double in Third Quarter 2002.Business/Entertainment Editors LOS ANGELES--(BUSINESS WIRE)--Oct. 16, 2002 Holiday Season Anticipated to be Biggest Yet for the Entertainment Format with $4.3 Billion Worth of Box Office Hits Available on 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. The DVD industry experienced double digit Noun 1. double digit - a two-digit integer; from 10 to 99 integer, whole number - any of the natural numbers (positive or negative) or zero; "an integer is a number that is not a fraction" growth in the third quarter, outpacing 2001's record sales. 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. the DVD Entertainment Group (DEG), in the third quarter 2002, 153.3 million DVD software units shipped to retail, more than double what shipped in the same period last year. According to figures compiled by Ernst & Young on behalf of the DEG, more than 1.1 billion DVD movies and music videos have shipped since the format's inception in 1997.
DVD-VIDEO SOFTWARE SHIPMENTS BY QUARTER -- NORTH AMERICA
(in millions)
QUARTER 2002 2001 2000 1999 1998 1997
1st Quarter 120.1 69.2 29.0 11.1 3.3 N/A
2nd Quarter 152.2 81.7 33.2 13.9 4.1 N/A
3rd Quarter 153.3 75.9 42.7 29.0 5.9 2.3
4th Quarter N/A 137.6 77.5 44.0 11.8 3.2
YEARLY TOTAL 425.6 364.4 182.4 98.0 25.1 5.5
TOTAL 1,101
(since launch) (a/o 9/30/02)
Figures compiled by Ernst & Young on behalf of the DVD Entertainment
Group
"The record pace continues for DVD as we move into the all-important fourth quarter," said Bob Chapek, president, DVD Entertainment Group and president, Buena Vista Home Entertainment. "Consumers have been craving entertainment for the whole family on DVD, from their favorite classics to the recent box office blockbusters. This holiday season, we are anticipating stellar sales for the industry as the adoption of the format continues its penetration into mainstream households." More than 18,000 titles are currently available with approximately 100 new DVD movies and music videos released each week. The cumulative box office gross of the releases for the fourth quarter 2002 is more than $4.3 billion, up 34 percent from last year. This is the largest box office gross of DVD releases for any quarter since the format was introduced in 1997.
TOP BOX-OFFICE HITS COMING TO DVD FOR THE HOLIDAYS
(in order of street date)
TITLE STUDIO STREET DATE
"The Lord of the Rings: New Line Home Entertainment 8/6/02
The Fellowship of the Ring"
"We Were Soldiers" Paramount Home Entertainment 8/20/02
"The Rookie" Buena Vista Home Entertainment 8/27/02
"Changing Lanes" Paramount Home Entertainment 9/10/02
"Monsters, Inc." Buena Vista Home Entertainment 9/17/02
"Panic Room" Columbia TriStar Home 9/17/02
Entertainment
"Grease" Paramount Home Entertainment 9/17/02
"The Scorpion King" Universal Studios Home Video 10/1/02
"Beauty and the Beast: Buena Vista Home Entertainment 10/8/02
Special Edition"
"Scooby Doo" Warner Home Video 10/11/02
"Insomnia" Warner Home Video 10/15/02
"Mr. Deeds" Columbia TriStar Home 10/22/02
Entertainment
"E.T.: The Extra- Universal Studios Home Video 10/22/02
Terrestrial"
James Bond Collection MGM Home Entertainment 10/22/02
"Sum of All Fears" Paramount Home Entertainment 10/29/02
"Spider-Man" Columbia TriStar Home 11/1/02
Entertainment
"Divine Secrets of the Warner Home Video 11/5/02
Ya-Ya Sisterhood"
"Dr. Seuss: Special Universal Studios Home Video 11/5/02
Edition (reissue)"
"The Lord of the Rings: New Line Home Entertainment 11/12/02
The Fellowship of the Ring"
Special Extended Edition
"Star Wars -- Episode II: Twentieth Century Fox Home 11/12/02
The Attack of the Clones" Entertainment
"Spirit: Stallion of DreamWorks Home Entertainment 11/19/02
the Cimarron"
"Men in Black II" Columbia TriStar Home 11/26/02
Entertainment
"Ice Age" Twentieth Century Fox 11/26/02
Home Entertainment
"Austin Powers in New Line Home Entertainment 12/3/02
Goldmember"
"Lilo & Stich" Buena Vista Home Entertainment 12/3/02
"Stuart Little 2" Columbia TriStar Home 12/10/02
Entertainment
"Minority Report" DreamWorks Home Entertainment 12/17/02
"Back to the Future Columbia TriStar Home 12/17/02
Trilogy" Entertainment
Hardware Shipments On Track for Record Year In the third quarter 2002, 5.4 million DVD players shipped to retail, a 31 percent increase over the same period last year, according to the DEG. The total players shipped since the format's launch has reached 45.4 million. The DEG estimates that the industry is on track to ship more than 20 million DVD players this year alone.
U.S. DVD HARDWARE SHIPMENTS BY QUARTER(a)
QUARTER 2002 2001 2000 1999 1998 1997
1st Quarter 3,500,000 2,800,000 1,400,000 400,000 100,000 N/A
(launch)
2nd Quarter 4,600,000 2,500,000 1,700,000 900,000 170,000 90,000
3rd Quarter 5,400,000 4,100,000 2,700,000 1,100,000 280,000 90,000
4th Quarter N/A 7,300,000 3,900,000 1,700,000 530,000 140,000
YEARLY
TOTAL 13,500,000 16,700,000 9,700,000 4,100,000 1,080,000 320,000
TOTAL 45,400,000
(since
launch) (a/o 9/30/02)
(a) Includes set-top and portable DVD players, Home Theater in Box
systems, TV/DVD and DVD/VCR combination players
According to the DVD Entertainment Group
Additionally, according to figures compiled by the DEG based on retail and manufacturer data, DVD players sold through to U.S. consumers have reached 43.7 million, with the format currently in nearly 33 million households (adjusting for homes owning two or more DVD players). "With the wide variety of players and the growth of game systems with DVD capability, the number of homes which will be able to enjoy the format should reach more than half of all US homes this year," said Gary Bauhard, Marketing Manager -- DVD, Pioneer Electronics and vice president, DEG. "We anticipate that this diversity in both price and functionality will fuel a trend toward players for every television in the home, particularly with DVD's natural popularity this holiday season." There are now more than 250 DVD player models marketed under 60 different consumer electronics brands. DVD players are available at most consumer electronics retailers and have become the focal point focal point n. See focus. of the home theater An audio/video entertainment center that has a large-screen TV and hi-fi system with three speakers in the front (left, right and center) and left and right speakers in the rear. Starting in the early 1990s, video inputs were added to stereo receivers and preamplifiers. category. There are also an expanding variety of DVD players available, with Home Theater in a Box A "home theater in a box" (HTIB) is a common name for a relatively inexpensive integrated home entertainment package, usually including a DVD player, surround sound capability, and a radio tuner in one box. systems, car players, DVD-Video/Audio combination players, portables, recordable units and TV/DVD combination systems all growing in popularity. The DVD Entertainment Group is a Los Angeles-based, industry-funded nonprofit corporation nonprofit corporation n. an organization incorporated under state laws and approved by both the state's Secretary of State and its taxing authority as operating for educational, charitable, social, religious, civic or humanitarian purposes. that advocates and promotes the benefits of DVD-Video and DVD-Audio, and provides updated information to the media and the retail trade about DVD players and titles. The DEG also provides a platform where home entertainment companies come together to analyze, evaluate and discuss current, emerging and future technologies and formats for the home entertainment market. Regular members of the DVD Entertainment Group are 5.1 Entertainment Group, Artisan Home Entertainment, BMG BMG Bundesministerium für Gesundheit (Germand: Federal Ministry for Health) BMG Be My Girl BMG Blue Man Group BMG Bertelsmann Music Group BMG Be My Guest BMG Browning Machine Gun BMG Bulk Metallic Glass 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 recorded music n → música grabada , 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 Home 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 Electronics Inc., headquartered in San Diego, Calif., is the largest component of Sony Corporation of America, the U.S. holding company for Sony's U.S.-based electronics and entertainment businesses. , 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 , Sony Wonder, Thomson Multimedia, Toshiba America Consumer Products, Twentieth Century Fox Home Entertainment, Universal Music Group, Universal Studios Home Video, USA Home Entertainment, 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. and Warner Music Group Warner Music Group (WMG) is one of the four major record labels. Warner Music Group also has a publishing arm, Warner/Chappell Music, which dates back to 1929, when Jack Warner, president of Warner Bros. Pictures Inc. . Associate members are Alta Resources, Blink Digital, Cinram, Clear-Vu Products, Crest National, Deluxe Digital Services, Digital Video Compression Corporation, InterActual Technologies, Media Copy, Panasonic Disc Services, PlanetWeb, Sonopress, Sony Disc Manufacturing, Sony Pictures Digital Sony Pictures Digital, first known as Columbia TriStar Interactive, then Sony Pictures Interactive Network (or SPiN), is known as the digital website interactive creator for Sony Pictures Entertainment (SPE) that was established in 1997. Authoring Center and Technicolor. Interested consumers can reach the DVD 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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