Consumers in 6 European countries spent 21 bln euros on packaged home entertainment
A total of 21 bln euros was spent on packaged home entertainment products in the six major West European territories in 2004. This represents an increase of almost 3 bln euros from the equivalent figure in 2000 – market growth of 16%. In comparison, total spending on other key retail categories showed a lesser increase of 13% over the same period, according to Screen Digest.
The increase in home entertainment spending came in spite of a sharp decline in both volume and value of the audio CD market, according to Screen Digest’s analysis of data from the International Federation of the Phonographic Industry (IFPI). The total value of the audio CD market fell by more than a quarter between 2000 and 2004 across the six countries analysed, and by as much as 40% in Germany, where consumer spending fell from 2.6 bln euros to 1.6 bln euros.