Online Segment Driving
Worldwide Movie Rental Market
2009-06-19 a report covers all the aspects
of movie rental industry from its innovation to development, competition and
market opportunities
"The advent of digital entertainment has changed the face of movie
rental industry. The outlook of traditional video stores has changed by adopting
new technologies which help in efficient inventory management and store
operations. The online DVD rental industry is driving movie rental services.
Movie rental market is a part of home entertainment industry, which is again
sub-categorized into physical movie rental market and digital movie rental
market.
With changing consumer preferences, demand is shifting towards digital movie
rental market. Also there is an ongoing trend of DVD rental kiosk and it is
expected that ten percent of total US rental market would shift to Kiosks over
the next three years. This automated technology provides customers with 24-hour
access yet charges cheaper rates than stores. Broadband plays an important role
in driving demand of online movie rental industry. Improved technologies and
advent of digital distribution system are also driving demand by offering more
convenience to the customers.
The movie rental market has declined in 2007 as compared to 2006, reason behind
this downfall is inverse market conditions which is affecting consumer spending
rate. In US spending on rental VHS and DVD is declining for the last five years.
It gives an overview of worldwide movie rental market and a thorough
analysis of US movie rental market. It starts from an overview of US media &
entertainment industry and discusses home entertainment market. The report gives
a complete description of the segments of movie rental market and also its sub
segments. Apart from US it focuses on Europe, UK, and Australian movie rental
market. The report highlights major industry trends and issues prevailing in the
market. The report also profiles the major competitors and their market shares.
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