Consumer Spending on SVOD Approached $7B in Q1, Says DEG

U.S. consumer spending on home entertainment content jumped 10.9% in the first quarter to $8.66 billion, driven mainly by the 16.9% increase in subscription VOD to $6.93 billion, reported the Digital Entertainment Group Friday. Sell-through of packaged media declined 19% to $388.48 million, said DEG: “While still significantly below pre-pandemic levels, box-office spending on the titles released to the home in the first quarter jumped more than 500% from the year earlier period, feeding consumers’ appetite for fresh feature films.”