Audio and video markets: looking back at 1992. (Industry Overview)

Industry estimates prepared by Tape/Disc Business indicate that U.S. spending on audio and video software reached $27.1 billion during 1992. Of that amount, $14 billion was spent on prerecorded videocassettes, with approximately $12 billion allocated to consumer sales and rental spending and $2 billion for the corporate video market (includes premiums and promotions); $438 million was spent on videodiscs; $7.7 billion on audiocassettes (music and spokenword:); and $5 billion on CD-audio.

VIDEO

With VCR household penetration reaching 82% in 1992, and with