March Spending on Digital Home Entertainment Highest Monthly Value Ever, Says DEG
U.S. home entertainment spending via digital transactions, including electronic sell-through, VOD and subscription streaming, jumped 24.2% in Q1 to $5.98 billion, reported the Digital Entertainment Group Wednesday. There was a 48% March increase in digital spending to $596 million, the…
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highest monthly revenue. “Entertainment-hungry consumers sheltering at home during the COVID-19 pandemic” fueled the increase, it said. “Stay at home orders rolled out across the U.S. beginning in mid-March, though some consumers had started to limit social activity even earlier.” Total U.S. home entertainment spending jumped 15% to $6.94 billion. Physical media sell-through continued to suffer, declining 22.4% to $637.8 million.