Wednesday, January 7, 2015

Silicon Valley NEWS -- US home video spending falls 1.8 percent in 2014 while digital sales surge

Rentals suffered, in particular.  U.S. households spent a total of $3.3 billion renting movies through various outlets (not including video-on-demand services), down 14 percent year-over-year. The kiosk business, which includes Redbox, saw a 4 percent drop in sales to $1.8 billion, while the brick-and-mortar industry plummeted 27 percent to $696 million.

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