When I read Jimbo Wales’ Twitter account about Wikipedia going dark, he linked to this October 2011 article from the Guardian in the United Kingdom about the entertainment industry’s profits. Surprisingly, it shows that piracy might not be having that much of a dent after all:
A surge of more than 50% in spending on e-commerce services such asNetflix and Amazon – helped by booming sales of Blu-ray discs of films such as the Star Wars franchise – has fuelled the first rise in home entertainment spending in the US for more than three years.
Consumer spending on services that provide films and TV shows digitally – including streaming, video-on-demand and subscription services such as iTunes and Hulu – grew 55.79% year on year to $811m in the third quarter, according to a report by industry body the Digital Entertainment Group.
The booming growth of digital services and surge in Blu-ray disc sales fuelled an overall 4.87% year-on-year increase in total US home entertainment spending in the third quarter to $4bn.
“[It is] a major milestone as this is the first time spending has increased since the first quarter of 2008 when the economic downturn began,” said the report. “This growth reflects an encouraging shift in the marketplace … [and] the continued stabilisation of the industry.”
Of course, it was a change from previous years, but then, that’s to be expected since we’re in a global recession.