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TNS records overwhelming 235 per cent increase in online DVD rental
- Wednesday, December 07 - 2005 at 12:11
Online DVD rental has grown by 235 per cent* in the last year, according to the latest research from TNS AudioVisual Trak, a division of leading market information provider, TNS.
Whilst a smaller proportion of Britons now rent films (down 10 per cent in the past year) those of us who do so, rent more often. TNS figures show that nearly a quarter (24 per cent) of DVD renters now hire more than once a month compared to just 15 per cent a year ago. This significant rise has been driven largely by the online DVD rental market, with 71 per cent of online renters hiring out DVDs more than once a month. Conversely, independent video stores have seen their share decline from 17% to 14% over the same period.
Online rental has had the biggest impact in London and Scotland, with nearly one in 4 rentals in these regions being online, proving that consumers are just as likely to use the service in a busy urban centre as in potentially more remote areas.
Lucy Burton, Account Manager, TNS AudioVisual Trak, said: "Despite increasingly strong competition from the likes of digital TV, personal video recording technology and free films with our weekend newspapers, the online rental DVD market has posted significant growth.
"This may be in part due to the wider choice on offer, with just over a quarter (26 per cent) of all titles rented coming from non-mainstream distributors, compared to just 16 per cent for films rented in store.
"New innovations such as the online services are going to be crucial to the rental market going forward, with traditional store rental being affected by an increasingly competitive retail environment, and video downloading looking to become a reality over the next few years."
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These finding are based on TNS Audio Visual Trak data for the 52 weeks ending 09 October 2005 with the exception of those marked with a * which are based on 12 week ending data to 09 October 2005 vs the same period last year. TNS AudioVisual Trak monitors the video rental habits of nearly 16,000 demographically representative British individuals. All data discussed in the above announcement is based on the number of and value of items being bought by these consumers, TNS will only support data which is published in the context we have presented it in.About TNS
TNS is a leading global provider of market information. We collect, analyse and interpret information to help our clients better understand the needs and wants of their customers. We provide research, advice and insight on market segmentation, advertising and communications, new product development, brand performance and stakeholder management. We are also one of the leading providers of social and political polling.
From our global network, which spans 70 countries, we provide local expertise and knowledge, together with internationally consistent information and analysis to multi-national organisations.
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Anne-Birte Stensgaard, Senior News Editor
