Hollywood Home Hot Streak
Last Updated: 12:10 PM, October 27, 2012
it was the third consecutive quarter of growth for home video spending after seven years of decline in the “ancillary” market for films and TV shows.
Movies studios are trying to boost the market by promoting digital sales for viewing on computers and mobile devices.
The digital push is bearing fruit, industry executives said. Sales of electronic content rose 38 percent in the quarter to $187.1 million, helped in part by the industry’s Ultraviolet initiative that stores movie purchases in the cloud for mobile viewing.
Sales of high-definition Blu-ray discs climbed 13 percent from a year earlier, the DEG said.