Streaming video revenues set to pass U.S. box office

A recent report from PricewaterhouseCoopers predicted streaming home video revenue would surpass physical home video (DVD, Blu-ray Disc) in 2015, and pass the American box office in subsequent years. The in-depth “Global Entertainment and Media Outlook 2014-2018” forecasted streaming service earnings to surge to more than $17 billion in 2018, while the box office will top out at $12.5 billion. In 2013, streaming services made $7.34 billion, compared to $10.8 billion at the box office. – Clint Davis,WXYZ-TV Channel 7