Disc and Digital Remain ‘Critical’ Components of UK’s Film, TV Markets

July 6, 2012 · Posted in M&E Daily, Today's M&E Connections 

As studios release the first wave of UltraViolet titles in the UK — and with the industry set to convene at the Academy on UltraViolet in London in September to discuss the digital locker format’s rollout — new data shows that both discs and digital video formats remain “critical” components of the British film and television markets.

Consumer spending on video entertainment in the UK topped £2.3 billion in 2011, “broadly the same as the 2010 spend,” according to the British Video Association (BVA) and IHS Screen Digest. Excluding television licensing fees (worth £3.8 billion in 2011), video was the UK’s second-highest source of leisure spending, behind consumers’ cable and satellite TV subscriptions (£6.9 billion).

Physical retail outlets still accounted for three quarters (75.8%) of the UK’s video spending last year — worth £1.75 billion — while digital retail comprised just 4 percent of 2011 video spending, nearing the £100 million mark, according to data from IHS Screen Digest, Kantar Worldpanel, and the Official Chart Company compiled by the BVA. Packaged media, both retail and rental, accounted for 88 percent of consumer spending on “paid” video content in 2011, the BVA study finds.

Yet digital retail and rental of video has since grown to account for 15 percent of the video market’s value at the end of the first quarter of 2012, according to the BVA.

The organization’s full report is available here; the BBC offers additional analysis.

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