Feb 16, 2009

DVD: the end has begun

According to the Digital Entertainment Group, here are the revenue figures for US consumer video rental & sell (in billion dollars):

YEAR
VHS/UMD
DVD
BD/Hi-Def
TOTAL
2007
$0.1
$23.3$0.27$23.7
2008
$0.0$21.6$0.75$22.4

OK, so VHS is dead (anyone doubted it?) and so is UMD (do YOU even remember UMD? Nope? Thought so). Blu ray is finally picking up some speed, but not enough to fix the DVD drop...

Zooming in on DVD sales, the picture is even bleaker : in 2008, they accounted for 1.69 billion dollars, a 16.6% drop compared to 2007.

Of course, studios will blame it on the recession, but they should know better.

"Those who cannot remember the past are condemned to repeat it"

Read the full report.

No comments:

Post a Comment