DVD Software Sales Drive Video Industry to Record Breaking $20 Billion Year; More Than 40 Million U.S. Households Own a DVD player.Business/Entertainment Editors 2003 International CES LAS VEGAS--(BUSINESS WIRE)--Jan. 9, 2003 The stellar success 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. has propelled home video to become America's most popular entertainment medium, surpassing consumer spending on movie tickets, music, video games and mass-market books. As announced today by the DVD Entertainment Group at the International Consumer Electronics Show (CES) in Las Vegas, U.S. consumers spent more than twice as much buying and renting DVDs and VHS (Video Home System) A half-inch, analog videocassette recorder (VCR) format introduced by JVC in 1976 to compete with Sony's Betamax, introduced a year earlier. as they did going to the movies. In 2002, consumers spent $20.3 billion buying and renting DVDs and VHS versus $9.3 billion moviegoers spent at the theatrical box office. DVD now represents 57 percent of 2002 home video consumer spending, driven by DVD retail sales which increased 61 percent to $8.7 billion (compared with $5.4 billion in 2001). Consumers spent an additional $2.9 billion renting DVDs (more than double the $1.4 billion in 2001), bringing total DVD spending to $11.6 billion versus $6.8 billion in 2001, an increase of 71 percent. Numerous DVD titles broke sales records in 2002 with many selling at least four million copies. Some of these titles include (in alphabetical order): "American Pie II" (Universal Studios Home Video), "Austin Powers in Goldmember" (New Line Home Entertainment), "Beauty and the Beast Beauty and the Beast is a traditional fairy tale (type 425C -- search for a lost husband -- in the Aarne-Thompson classification). The first published version of the fairy tale was a meandering rendition by Madame Gabrielle-Suzanne Barbot de Villeneuve, published in " (Buena Vista Home Entertainment), "Black Hawk Down" (Columbia TriStar Home Entertainment), "Harry Potter and the Sorcerer's Stone" (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. ), "Ice Age" (Twentieth Century Fox Home Entertainment), "Lilo 1. (operating system) lilo - Linux Loader. 2. lilo - first-in first-out. and Stitch" (Buena Vista Home Entertainment), "The Lord of the Rings: The Fellowship of the Ring" (New Line Home Entertainment), "Men in Black II" (Columbia TriStar Home Entertainment), "Minority Report" (DreamWorks Home Entertainment), "Monsters, Inc." (Buena Vista Home Entertainment), "Ocean's Eleven" (Warner Home Video), "Spider-Man" (Columbia TriStar Home Entertainment), "Star Wars - Episode II: The Attack of the Clones" (Twentieth Century Fox Home Entertainment) and "Training Day" (Warner Home Video). "Consumers have made it clear -- DVD is their favorite way to enjoy entertainment at home. On average, each DVD household bought more than 15 DVD titles last year," said Emiel N. Petrone, chairman emeritus, DVD Entertainment Group. "By the end of 2003, DVD will be in more than half of U.S. homes, allowing even more consumers to experience the extraordinary video and audio quality DVD offers." According to figures compiled by Ernst & Young on behalf of the DVD Entertainment Group, approximately 260 million units of DVD software shipped in the fourth quarter of 2002, a 90 percent increase over those shipped in the same quarter last year. In excess of 685 million software units were shipped in 2002 -- more than the previous five years combined -- bringing the total number of units shipped to 1.36 billion since launch.
DVD-VIDEO SOFTWARE SHIPMENTS (in millions)
1997 1998 1999 2000 2001 2002
TOTAL
PER YEAR 5.5 25.1 98.0 182.4 364.4 685.0
TOTAL
SINCE LAUNCH 30.6 128.6 311 675.4 1,360
North American figures compiled by Ernst & Young on behalf of the
DVD Entertainment Group
There are nearly 20,000 DVD titles currently available, up from
nearly 9,000 just two years ago.
Music on DVD Grows in Popularity Just as movies on DVD provide an enhanced viewing experience, music on DVD delivers superior surround sound and added features for music enthusiasts. There are currently more than 2,000 DVD music video titles available ranging from classic artists such as Eric Clapton (Warner), Paul McCartney (Capitol), David Bowie (Virgin) and James Taylor (Columbia) to recent sensations crossing a variety of genres such as Shania Twain (Mercury Nashville), Korn (Epic), Jimmy Eat World (DreamWorks) and Dave Matthews Band (RCA See RCA connector and video/TV history. ). In addition, there is growing enthusiasm for DVD-Audio. There are approximately 300 titles currently available in the U.S. with hit artists such as Linkin Park (Warner Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) .), Missy Elliott (Elektra), Dishwalla (immergent), Faith Hill (Warner Bros.), Aaron Neville (Silverline), Yes (Rhino), Disturbed (Reprise), Al Green (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. ), Graham Nash (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), Elvis (RCA/BMG) and The Beach Boys (Capitol). A steady flow of DVD-Audio titles is anticipated for release in 2003, with an estimated 250 titles coming to retail throughout the year. Twelve leading manufacturers offer more than 50 DVD-Audio capable players including a variety of models from set-top and portable players to car models and 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. DVD Now in More than 40 Million U.S. Households 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 25 million DVD players were sold to consumers in 2002, a 50 percent increase over 2001, bringing the number of DVD households to more than 40 million. More than 10 million homes have two or more DVD players. There are currently more than 95 million DVD playback devices in American homes, including set-top players, DVD-ROM DVD-ROM: see digital versatile disc. A read-only DVD disc used to permanently store data files. DVD-ROM discs are widely used to distribute large software applications that exceed the capacity of a CD-ROM disc. drives and DVD-capable video game machines.
U.S. DVD PLAYER SALES TO CONSUMERS
1997 1998 1999 2000 2001 2002
TOTAL
PER
YEAR 300,000 950,000 3,550,000 9,900,000 16,700,000 25,100,000
TOTAL
SINCE
LAUNCH 1,250,000 4,800,000 14,700,000 31,400,000 56,500,000
Includes set-top and portable DVD players, Home Theater in a Box
systems, TV/DVD and DVD/VCR combination players.
DVD Entertainment Group
The surge in DVD hardware sales was the bright spot for the consumer electronics industry and the primary source of continued growth for retailers. In 2002, DVD hardware (including set-top and portable DVD players, Home Theater in a Box systems, TV/DVD and DVD/VCR combination players) represented more than $3.6 billion in retail sales according to figures compiled from the NPD Group data. Consumers purchased 25 million units in the U.S. in 2002 bringing the total number of players sold to approximately 56.5 million units. The DEG estimates that DVD players will be in 55 million -- more than half -- of U.S. homes by the end of 2003. 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 of the home theater category. There are also an expanding variety of DVD players available, with Home Theater in a 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 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, Buena Vista Home Entertainment, Columbia TriStar Home Entertainment, DreamWorks Home Entertainment, DTS Entertainment, EMI 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 Multimedia, Toshiba America Consumer Products, Twentieth Century Fox Home Entertainment, Universal Music Group, Universal Studios Home Video, Warner Home Video 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, Clear-Vu Products, Crest National, Deluxe Media Services, Digital Video Compression Corporation, InterActual Technologies, Media Copy, Panasonic Disc Services, 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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