DVD Industry Down, But Not Downbeat
December 23, 2009 · Posted in M&E Daily, Today's M&E Connections
Although DVD sales have fallen steeply, rentals — spurred by a robust Netflix and Redbox kiosks — have risen sharply, with an 8.2% uptick in the first nine months of 2009, according to Rentrak’s Home Video Essentials. Factor in dramatic gains in Blu-ray Disc sales and digital delivery, and consumer consumption of home entertainment might be at an all-time high. ”It’s been a roller coaster of a year, but consumer demand for content is as strong as we’ve seen it,” says Ron Sanders, president of Warner Home Video. By The Hollywood Reporter (via ABC News)
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