Entertainment

Increasing Streaming Services Make for 50% Decrease in Global Physical Media Sales

Posted On: Apr 16, 2019   |   Posted By: Hypebeast

Increasing Streaming Services Make for 50% Decrease in Global Physical Media Sales

Following news that Apple TV+ and Disney+ are set to join Netflix and Amazon Prime as major streaming services this year, the Motion Picture Association of America has reported that global physical media sales have declined by 50% over the last five years.
Data from DEG and IHS Markit shows that despite 4K Ultra HD or 8K Blu-ray disc advancements, the industry has seen a decrease in sales from $25.2 billion USD in 2014 to just $13.1 billion USD in 2018. 4K disc sales make up just 5.3% of all current physical disc sales, with standard DVD disc's continuing to dominate the industry with a 60% sale share.
Overall, the home entertainment industry saw a global increase of 16% from 2017 to 2018. MPAA reports that this comes from the rise in digital home entertainment consumption, with the global spend increasing by 34% in the same period. Online video subscriptions also increased to 613.3 million in 2018, surpassing the number of cable subscriptions for the first time...

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