Global Movie & Video Distribution Industry
The worldwide recorded DVD and video industry was worth just under €47 billion in 2008 after declining almost 4.5% year-on-year, reports MarketLine. The market is expected to expand 20% in five years to exceed $56 billion by 2013. Sell-through represents the leading market segment, generating 72% of overall global recorded DVD and video market revenue.
Following the economic recession, consumers are now spending more due to economic recovery, an easing off in unemployment rates, and rising levels of disposable income. Growing consumer confidence and increased spending bodes well for discretionary services such as movie attendance, reports IBIS World. Other factors encouraging market growth include investment in 3D technologies on the part of movie theaters, which will attract more cinemagoers and boost the prices of theater tickets. Alternative services, such as video on demand, are likely to witness fluctuating demand while movie theaters are expected to record steady demand.