This table shows the total revenues generated for video distributors (both major studios and local independents) from the sale of Blu-ray units destined for both retail sale and rental. Data covers every territory covered by Video Intelligence for which data is available and reflects the sale of all mainstream, legitimate video content (including domestic titles but excluding most ?adult? content). Distributor revenues from BD software are provided in local currency as well as in both US$ and Euros at variable (annual average exchange rates) and fixed (to the latest calendar year) exchange rates. All figures are exclusive of VAT/sales tax.