Plunging DVD sales threaten to reduce profit for studio owners Time Warner Inc.,Walt Disney Co.,Viacom Inc. and News Corp., and may force them to write down the value of movies, analysts said.
Fourth-quarter shipments fell 32 percent in the U.S. and Canada to 453.6 million DVDs, according to Los Angeles-based Digital Entertainment Group. The drop is the biggest since the industry-funded researcher started keeping track in 1997.
The decline is being fueled by viewer shifts toward rental services such as Netflix Inc., the U.S. recession and technology that makes it easier to stream Web videos to televisions.
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“We don’t think Blu-ray is the savior,” DiClemente said. “Investing in Blu-ray, especially in the teeth of a recession, isn’t what the consumer wants.”
That's funny, I think the consumer disagrees with the rising blu ray sales and market share year over year.
And their i was just about to make the biggest mistake in my life and buy a Blu-Ray Player. Well i guess Netflix is the FUTURE my minds made up.
That's the biggest problem! You can download films from anywhere and rip them on a DVD. If the market was to turn to Blu Ray it would iliminate piracy!
This is why there is BluRay. The studios can't overcharge for DVD's anymore the average consumer is smarter than that now. They needed a new format so they can mark them up again and start making their big profits again. Unfortunately the adoption rate needs to pick up even though BR is making amazing strides it is still not enough to help out those money grubbing executives.