The UK’s home entertainment sector continues to grow with a new report suggesting it will be worth £5.5 billion by 2025.
The Evolution of Home Entertainment Report from the British Association for Screen Entertainment (BASE) and DEGI: The Digital Entertainment Group International, states that with the addition of Box Office and pay-TV, the market is set to reach £12 billion by 2025, representing 5 per cent of the global market.
The home is now more central to family entertainment consumption than ever before, states the report, with multiple millions of consumers accessing content via physical media (discs), digital services, and in-home Smart TVs or other connected devices.
Definitions of the category will keep evolving, it predicts, as technology and business models evolve, with the growth and adaptation of SVoD in the UK, as the leading players introduce ad-funded subscription levels. AVoD and FAST channels will take a larger share of consumer engagement, suggests the report.
Technology is helping to change the home entertainment landscape, with artificial intelligence, automation and Blockchain increasing the potential of multi-experience audience interaction.
Robert Marsh, chair of BASE and VP, commercial, Sony Pictures Entertainment, said: “Ever-increasing consumer engagement with in-home viewing has been accompanied by innovation across the sector. BASE, as the champion for the growth of screen entertainment, is perfectly placed and actively working to help realise this growth.”
The report is available to download here.