DVD-Video 1Q Software Sales Soar; Hardware Sales Equally Strong With 1.18 Million Units Shipped, a 188 Percent Growth Over Last Year.Entertainment & Business Editors LOS ANGELES--(ENTERTAINMENT WIRE)--April 13, 2000 Experiencing yet another record breaking quarter, an additional 1.18 million DVD-Video players were shipped to retail in the first quarter 2000 bringing the total units shipped in North America since the format's launch to nearly 6.7 million according to figures compiled by the Consumer Electronics Association (CEA CEA carcinoembryonic antigen. CEA abbr. carcinoembryonic antigen CEA (Carcinoembryonic antigen) ). DVD-Video experienced a 188 percent rate of growth in the first quarter 2000 vs. the first quarter 1999 -- shipping 772,000 more hardware units than shipped in the first quarter 1999. If growth continues at this rate, there could be as many as 11 million DVD-Video players shipped to retailers in North America this calendar year. "Yet again, we are seeing the consumer desire for DVD-Video's high quality video and amazing surround sound," said Emiel N. Petrone, chairman, 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. Entertainment Group, and executive vice president, Philips Entertainment Group, Worldwide. "The home theater is today's hot new trend and DVD-Video is leading that charge. It continues to be the fastest-growing consumer electronics product ever introduced." Available to consumers for nearly three years, the DVD-Video installed base in North America (United States and Canada) has reached nearly 6.5 million players. According to the DVD Entertainment Group, the total installed base is expected to reach more than 12 million by year-end. There are now nearly 70 DVD-Video player models marketed under 30 different consumer electronics brands. DVD-Video players are widely available at mass merchants, electronics specialty stores, over the Internet and many other locations throughout the United States. Software Sales Reaching New Heights According to figures compiled by Ernst & Young on behalf of the DVD Entertainment Group, nearly 30 million DVD movies and music videos shipped in the first three months of 2000. This figure represents a 200 percent increase over the number of titles shipped in the same quarter last year. Since the format's launch in 1997, software shipments have reached more than 160 million units, according to the DVD Entertainment Group. As earlier predicted by the DVD Entertainment Group, the industry is on target to double its 1999 sales by shipping at least 200 million DVD movies and music videos this year, representing $4 billion in revenue for the retailers selling DVD-Video, approximately half of the total revenue generated from the 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. sell-through. "Consumers are seeing the huge success of DVD-Video with the vast amount of titles becoming available, and they are asking for more," said Paul Culberg, president, DVD Entertainment Group, and executive vice president - worldwide, Columbia TriStar Home Video. "With growing convergence of DVD and game technology, we will see an even greater number of family and children's titles on the market with exciting interactive and educational features. We are truly seeing the studios embrace the nearly endless possibilities offered by the DVD format." With all the major movie studios and music labels supporting the DVD-Video format, there are nearly 6,000 titles now available. The DVD Entertainment Group predicts that number to grow to more than 8,500 by the end of 2000. The DVD Entertainment Group is a Los Angeles-based, industry-funded nonprofit corporation that exists expressly to promote consumer awareness of the benefits of DVD-Video, DVD-Audio and 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. based games, and to provide updated information to the media and the retail trade about DVD players, movies and music videos. Regular members of the DVD Entertainment Group are Artisan 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 Video, DreamWorks Home 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, Image Entertainment, Kenwood USA Corporation, 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 Video, Onkyo USA Corporation, Panasonic Consumer Electronics Company, Paramount Home Video, 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. Company, Pioneer Electronics (USA), ProScan, RCA See RCA connector and video/TV history. , Sharp Electronics, 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 , Sony Wonder, 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 Alpha Enterprises, Americ Disc, Cinram, California Video Center, Crest National, Disc Graphics, Panasonic Disc Services Corporation, Pioneer Video Manufacturing, Sony Disc Manufacturing, Sony Pictures DVD Center, Technicolor and Warner Advanced Media Operations. 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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