LAS VEGAS (January 8, 2002) - In 2001 consumers spent a
record-breaking $16.8 billion buying and renting movies on
video, up 21 percent over 2000, and more than twice what they
spent on movie tickets ($8.1 billion). Consumers spent $4.6
billion on DVDs, 2.4 times more than last year, an increase
that put DVD purchases ahead of VHS purchases for the first
time despite an installed player base of 25 million DVD households
versus a VCR installed player base of 96 million households.
Consumer spending on DVD purchases and rental combined were
$6 billion, 2.4 times more than in 2000.
Strong DVD growth also placed home video revenues at nearly
three times video game sales ($6.4 billion) and more than
music CDs ($11.2 billion) and books ($16.5 billion). The aggregate
sales of $16.8 billion for total video sales include $10.9
billion in new release revenues and $5.9 billion in library
release revenue.
According to figures compiled by Ernst & Young on behalf
of the DVD Entertainment Group, approximately 138 million
DVD movies and music video titles shipped in the fourth quarter
of 2001, 1.8 times more than the same quarter last year. And,
more than 364 million units were shipped in 2001 alone bringing
the total number of units shipped since launch to 675 million.
DVD is now in one of every four US homes and has reached
this level of market penetration faster than any other consumer
electronics product in history. As DVD completes its fifth
year in the market, more than 31 million players have been
sold to date.
According to figures compiled by the DVD Entertainment Group
based on data from the Consumer Electronics Association (CEA),
retailers and manufacturers, 16.7 million DVD players were
sold to consumers in 2001 representing 1.7 times more than
last year. In addition, there are currently more than 54 million
DVD playback devices including set top players, DVD-ROM drives
and game machines.
