TV-DVD GROSSING BILLIONS FAVORITE SHOWS OUT OF THE NICHE BOX.Byline: Greg Hernandez Staff Writer MARINA DEL REY Del Rey may refer to:
The sales milestone was among the topics discussed Tuesday at the third annual TV-DVD Conference, a two-day event that drew hundreds of retailers, producers and studio executives. This once-niche home-video category, which could never gain traction on 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. , has had explosive growth 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. . It has 20 percent of the entire DVD market and continues to grow while sales of other types of DVD titles have begun to flatten. ``It's not just a niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. anymore; it's a market driver,'' said Dave Hoffman, an account manager of Neilsen Videoscan, which tracks sales of more than 100,000 DVD titles. ``And there are still lots of people out there who have not bought TV-DVDs in the past year.'' Judith McCourt, market-research director of conference host Home Media Retailing magazine, said the buyers of TV titles are far more active consumers than typical DVD collectors. They buy an average of 25 DVDs a year, compared with the 18 titles purchased by the average collector. ``Consumers are becoming attached to these multidisc sets,'' McCourt said. ``I think you are seeing the time crunch people are facing, and TV- DVD really offers them the chance to watch content at a time that they really want to watch.'' 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. McCourt, the top three reasons consumers buy TV-DVD titles are because they missed an episode, they are collectors, or they simply want to watch their favorite show repeatedly. Hoffman told conference attendees that older television shows are still easily outselling shows currently on the air. This is despite heavy promotion for boxed sets of such shows as ``24,'' ``Alias'' and ``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. ,'' which are advertised leading up to the premiere of their next season. But the blockbuster success this fall of the DVD sets of ``Desperate Housewives'' and ``Lost'' proved to be exceptions and sent a message to the industry that the most buzz-worth current shows can sell big. Russ Crupnick, vice president and senior industry analyst for the NPD Group The NPD Group, Inc. is a leading global market research company[1] founded in 1967 and provides consumer and retail information to manufacturers and retailers. Using actual sales data from retailers and distributors as well as consumer-reported purchasing behavior, NPD , said the biggest factor behind the TV-DVD boom is the emotional connection fans have with their favorite shows. ``There's this nostalgia, this emotional bond,'' he said. The nostalgia factor was clearly present at the conference. Donny Osmond Donald Clark 'Donny' Osmond (born December 9 1957) is an American entertainer. He is a singer, musician, actor and former teen idol. He has also been a talk show and game show host, record producer, race car driver and author. , ``Leave it to Beaver'' star Jerry Mathers, Linda Gray Linda Ann Gray (born September 12, 1940 in Santa Monica, California) is an American actress, best known for her role as Larry Hagman's long-suffering wife, Sue Ellen Ewing on the television soap opera Dallas of ``Dallas'' and Christopher Knight of ``The Brady Bunch'' all shared memories from their shows' glory years, and they discussed the impact DVD has had on keeping the shows alive. ``It was the very thing I wanted to get away from because you constantly have to keep reinventing in this business,'' Osmond said in an interview. ``But now, enough time has passed where it's cool to look back. We just had a great time putting out great entertainment.'' Greg Hernandez, (818) 713-3758 greg.hernandez(at)dailynews.com |
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