E-commerce services provided by companies like Netflix and Amazon have grown by more than 50% in the past three years.
Image via Digital Trends.
This article titled “US home entertainment spending growth defies slump” was written by Mark Sweney, for guardian.co.uk on Monday 31st October 2011 18.01 UTC
A surge of more than 50% in spending on e-commerce services such as Netflix and Amazon – helped by booming sales of Blu-ray discs of films such as the Star Wars franchise – has fuelled the first rise in home entertainment spending in the US for more than three years.
Consumer spending on services that provide films and TV shows digitally – including streaming, video-on-demand and subscription services such as iTunes and Hulu – grew 55.79% year on year to $811m in the third quarter, according to a report by industry body the Digital Entertainment Group.