Today's news that Universal's "DESPICABLE ME 2" home video release is setting sales records - exceeding $80-MILLION in the first few days - is a great indicator that the DVD / Blu-Ray (packaged goods) side of the business continues strong. In fact, DVD and Blu-Ray unit sales are actually GROWING for certain genres. Of course, Video-On-Demand is growing as well, but faster for some types of films than the Kid-Vids category, which still seems to favor packaged goods (perhaps it because kids tend to watch videos over-and-over-and-over again, which is not conducive to VOD Streaming?). Overall, the combined revenues per title from VOD and Packaged Goods is up in 2013, industry-wide across most major studios and independents such as Hannover House.
That said, Hannover's February BUDGET Release of the JULES VERNE ANIMATED CLASSICS seems well timed for the current retail home video marketplace.
Watch for these commercial new releases, February 4, 2014 (and already being built-up for early January shipments at our replication facility)!
20,000 LEAGUES UNDER THE SEA - Animated Feature, 78-Mins., TV-G, $7.99 MSRP;
AROUND THE WORLD IN 80 DAYS - Animated Feature, 78 Mins., TV-G, $7.99 MSRP;
JOURNEY TO THE CENTER OF THE EARTH - Animated Feature, 78 Mins., TV-G, $7.99 MSRP'
COLLECTOR'S PACK (all three titles) - Animated Features, 234-Mins., TV-G, $9.95 MSRP;
(FYI, the $9.95 3-title Collector's Pack has been designed for placement into the Walmart Budget Bin, where it would carry a $5.00 "everyday low price" for their shoppers).