Untill last year YRF site stated VHS was current and DVD is the fiture.
General perception is that main source of revenue is from theatrical releases.
Check out this link:
http://www.rediff.com/entertai/2003/jan/10dvd.htm
DVD sales soar in US
Arthur J Pais
Hollywood had not finished congratulating itself on the record $9.37 billion gross in North American theaters in 2002 when a bigger story made the headlines: the home-video industry had grossed at least $20.3 billion last year from the sale and rental of DVD and videos. Consumers spent $12.1 billion out of the $20.3 billion to buy movies on DVD and videos; and $8.2 billion more renting them.
According to DVD Entertainment Group, which monitors the home video business, DVD sales zoomed 61 per cent to an all- time high of $8.7 billion. DVD rentals more than doubled from $1.4 billion in 2001 to $2.9 billion last year.
No surprise that some of Hollywood's highest paid stars like Bruce Willis who, while reducing their customary fee for a risky movie and demanding a cut from box-office earnings, have also been asking for a share of DVD and video sales and rentals.
Willis reportedly made about $100 million from backend deals for reducing his fee for M Night Shyamalan's The Sixth Sense. Similarly, Mel Gibson is expected to a make a killing from the DVD and video sales of Shyamalan's Signs.
Rana
Edited By rana on 1042373562
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