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Will the Economic Downturn Be the Death of Blu-ray?

film.com writes: " For years now, Hollywood has told us that high-definition video is the future and that one of the dueling formats, either HD-DVD or Blu-ray, would come out ahead as the new way to watch movies. Many of us were skeptical. We read the reports that compared the war to the VHS-Beta battle of the early '80s. Many of us were still even more skeptical. And then when HD-DVD folded and Blu-ray won out, the commercials began to tell us that this was the future of movies.

Overeager forecasters projected that, according to the previous year's sales, Blu-ray sales and rentals would overtake DVD in 2012. And then those of us who were still skeptical laughed, not only because we saw Blu-ray as an intermediary step, but because financial forecasts like that never hold. Because, you know, you never can tell when a stray recession might rear its ugly head."