With money tight and more of it going to fill up your gas tank instead of your
AV rack we thought it would be a great time to discuss an article on haggling.
Jennifer DeFeo has written an article
for Electronic
House entitled
"10
Tips for Haggling with A/V Retailers". We also discuss the highlights of
the Entertainment Merchant Association 2008 Annual Report.
The Mission of EMA is to promote, protect, and provide a forum for the common
business interests of those engaged in the sale, rental, and licensed
reproduction of entertainment software such as motion pictures, video games
and sound recordings.
Approximately $24 billion home video market continued to be the largest
segment of consumer movie spending by far, accounting for 49% of all
consumer movie spending in 2007.
Home video generated $15.9 billion in sales and $8.2 billion in rentals in
2007.
Nearly 9 million high-definition discs were sold in 2007, for which
consumers spent more than $260 million. But to put this number in
perspective, in 2006 1.6 Billion discs were sold.
It is estimated that, in 2012, sales of Blu-ray Discs will exceed those of
standard DVDs and will generate sales of $9.5 billion.
Home video spending is projected to increase to $25.6 billion in 2012.
Traditional rental stores, dominated by Blockbuster, accounted for 73% of
the rental business in 2007. Online subscription rental (such as Netflix
and Blockbuster's Total Access) were 25% of the market. Kiosk rental
doubled its market share to 2%.
There were approximately 10,000 DVD rental kiosks operational in the U.S.
at the end of 2007.
In 2007 video game hardware sales totaled $7.04 billion, which represented
a 54 percent increase over 2006.
Sixty-seven percent of American heads of households play computer games.
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