Displaying items by tag: pandemic impact
All right, we have a new update on the health of the home entertainment market from the Digital Entertainment Group (DEG) for the first half of 2020. And the numbers are not entirely unexpected...
According to the DEG, total home entertainment spending (all categories) was up about 26% for the first half of 2020 (through the end of June) compared to the same period last year.
Total digital spending was up 36% during that period (the specific breakdown was +33% for electronic sales, +33% for VOD, and +37% for subscription streaming). That’s the good news.
The bad news—which by now should not be unexpected—is that packaged goods (read: discs) were down 17.2% in the first half of this year from the same period in 2019. Specifically, Q2 2020 was down 11.11% from Q2 2019, this after a 22.4% decline in Q1 2020 (as we reported here back in early July). [Read on here...]
So... a friend of mine asked me last night on social media what impact the pandemic was having on physical media sales so far this year. Specifically, he wanted to know if there had been any kind of a bump in disc sales resulting from all of the coronavirus lockdowns, what with so many people suddenly forced to stay at home.
I knew, of course, what we’ve been seeing here at The Digital Bits in terms of those trends—also what we’ve been hearing from you guys, our readers, as well as our retail sources. But the question got me thinking. And then I really wanted to know: Do the actual sales numbers reflect our assumptions? Or might something be happening because of the pandemic that’s surprising in terms of physical media sales?
With that in mind, I started digging. Before long, I found myself neck deep in data—actually a pretty good place to be if you really want to get to the bottom of questions like this.
I turned to a pair of sources that are always reliable: The Digital Entertainment Group’s excellent (and quarterly) Home Entertainment Reports, and also Media Play News’ in-house home entertainment market research. [Read on here...]