Is turnaround coming for DVD sales?
By Behind The Scenes TV on May 1, 2008 in DVD, Film Business
Is a turnaround at hand or still a year or two away?
Happily, consumer spending on discs and downloads held steady last quarter — no mean feat after consecutive first-quarter declines — and there were small yet promising signs of growth on the high-def and digital delivery fronts.
But that doesn’t erase questions about the biz’s immediate prospects: Hit DVDs simply aren’t selling the way they used to, and it’s unclear how the teetering economy will affect Blu-ray’s prospects.
The vid biz has been recession-proof in the past, but consumer conversion to Blu-ray requires an HDTV, Blu-ray player and stream of pricier discs. High gas prices already seem to have affected DVD spending patterns, with previous midweek purchases of new releases shifting to the weekend.
(Variety)
Related posts:
- iPhone movie apps to help boost DVD and Blu-ray sales DVD sales tumbled this year as the weak economy...
- Average movie ticket price jumps 8% Apparently Hollywood didn’t get the memo that prices are...
- Why do movie sales not translate into comic book sales? G.I. Joe: The Rise of Cobra just completed its second...