Roll credits: The rising popularity of streaming services is poised to fuel revenue slowdown
The DVD, Game and Video Rental industry includes brick-and-mortar operators that primarily engage in renting DVDs, videos and video games. Through the end of 2023, demand for DVD, video and gaming rental services plummeted, as consumers have pivoted to video on demand (VOD) and streaming services, continuing a decade-long trend in this direction. While COVID-19 stay-at-home mandates led to a temporary spike in demand for home entertainment, revenue was still negatively affected because of contamination concerns, social-distancing measures and Hollywood slowing down, which limited the number of new titles that rental servicers could provide. These trends resulted in revenue plummeting 29.4% in 2020 alone. The analyst estimates that revenue is expected to collapse at a CAGR of 13.9% to an estimated $1.1 billion through the end of 2023, with a 7.2% plunge expected in 2023.
Video rental servicers rent videos and discs containing movies, shows or games. On-demand and internet-streamed rentals are not included.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Redbox Automated Retail, Llc
- Netflix, Inc.
Methodology
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