No need for DVD’s
The importance of DVDs to the entertainment industry will decline significantly over the next few years, predicts a study from research firm In-Stat.
Physical disc sales, which includes both DVDs and Blu-ray discs, are expected to decline by $4.6 billion between 2009 and 2014, In-Stat said today. Over that period, DVD sales are expected to plummet. At the same time, Blu-ray sales are expected to climb–but not enough to make up for the decline in DVDs.
In place of physical discs, streaming content and digital downloads are quickly gaining steam. In-Stat said that the video-download and streaming revenue is expected to grow from the $2.3 billion it generates now to $6.3 billion “within five years.”