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Consumer Spending Rises 2 Percent in 2[SIZE= 8px]nd [/SIZE]Quarter
Growth In Digital Purchases
Blu-ray Sales Up 10 Percent From Year Earlier
The home entertainment sector saw continued growth in the second quarter of 2014 with overall consumer spending growing two percent over the same period a year earlier. Additionally, strong double-digit growth in digital sales continued to underscore the ongoing commitment by consumers to purchasing and collecting digital filmed entertainment and television content.
Highlights for the first half of the year include:
Overall consumer spending grew two percent for the second quarter of 2014 versus the second quarter in 2013. For the first half of 2014, consumer spending was flat compared to the year-earlier period.
Electronic sell through spending climbed 32 percent in the quarter versus the same period last year. EST sales for the first half of 2014 jumped 37 percent over the first six months of 2013.
Overall Blu-ray sales continued in double digit growth at 10 percent for the second quarter year-over-year. Blu-ray new theatrical release spending rose 18 percent in the second quarter over the same period in 2013.