Digital continues to boost the video entertainment market with a 30% growth in 2014, says the British Video Association.
Buying videos to own and keep, however, remains the preferred choice for consumers representing two thirds of all video spend.
Total retail sales were £1.43bn in 2014 with DVDs and Blu-rays accounting for 89% of spend, the balance being consumers boosting video disc collections with Digital HD downloads.
Overall, the BVA says the total video market remained buoyant over 2014, with total spending similar to in 2013 at just under £2.2bn.
Video rentals and subscriptions accounted for one third of consumer spending. Total rentals and subscriptions were estimated to be £755m in 2014 with pay TV on-demand and internet subscription services accounting for 81% of rentals, the balance being disc rentals.
Richard Cooper, Head of Video Analysis at IHS explains: “Digital consumption of video continues to grow at a prestigious rate in the UK. Not least of these channels is digital retail (EST). Thanks to industry initiatives such as early releasing (Digital HD) the platform has maintained an impressive growth rate, forecast at 25% in 2014.”
2014 Video Sales Chart Top 10 (DVD and Blu-ray Disc combined)
- The Hobbit – The Desolation Of Smaug
- The Lego Movie
- The Hunger Games – Catching Fire
- Mrs. Brown’s Boys – D’Movie
- Guardians Of The Galaxy
- The Wolf Of Wall Street
- The Inbetweeners Movie 2
- Thor – The Dark World