Internet-Connected Electronics Fueling More Rentals, Less Buying, in Home Entertainment
Consumer spending on home entertainment dropped about 4% though the first nine months of 2010 compared with the same period last year, according to data from the BTIG Research firm.
The reason? More people are using consumer electronics items such as Internet-connected televisions and Blu-Ray players to rent entertainment media instead of buying it.
Such electronics allow consumers to access streaming and rental services such as Netflix, which has bitten into sales of boxed media, the research firm said.