write the ratio between VHS sales and DVD sales in 1997
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One out of every four U.S. homes is equipped with a DVD player, leading to DVD sales topping sales of VHS tapes for the first time, according to figures released Tuesday at the Consumer Electronics Show by the DVD Entertainment Group.
Last year consumers spent a record-breaking $16.8 billion buying and renting movies on video, up 21 percent over 2000, and more than twice what they spent on movie tickets ($8.1 billion), the group says.
Consumers spent $4.6 billion buying DVDs, 2.4 times more than in 2000, an increase that put DVD purchases ahead of VHS purchases for the first time despite an installed player base of 25 million DVD households versus a VCR installed player base of 96 million households, it says. Consumer spending on DVD purchases and rental combined was $6 billion, 2.4 times more than in 2000. Rentals of VHS tapes still exceed rentals of DVDs, however.
According to figures compiled by Ernst & Young on behalf of the DVD Entertainment Group, approximately 138 million DVD movies and music video titles shipped in the fourth quarter of 2001, 1.8 times more than in the same quarter last year. And, more than 364 million units were shipped in 2001 alone bringing the total number of units shipped in the past five years to 675 million.