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Study: Blu-ray Will Rescue Disc Sales

TVPredictions:Standard-def DVD sales fell eight percent in 2008, but a new SNL Kagan report says the Blu-ray high-def disc will soon rescue the industry.

Kagan said the growth of Blu-ray will eventually make up for losses in the standard-def category. Trade group DEG (Digital Entertainment Group) said yesterday at the Consumer Electronics Show that roughly 10 million U.S. homes now have Blu-ray players, including the PlayStation 3, which has a Blu-ray player inside.

The group also said that three million of the Blu-ray players were sold in the fourth quarter when prices fell.

"We expect a resurgence ... over the next couple of years, thanks to high-definition," Kagan says in its report, according to Reuters. "Retail revenue should start to grow again in 2010. Sales should start a short period of growth as high-definition player prices drop below $200 in 2011 and Blu-ray really begins to penetrate the mass market."

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DELTABOY043569d ago

makes since pirating wise...movie pirating should drop + hi def is so dam good that i want to spend money on the quality

Bill3568d ago

We at Sony believe the costs and speeds of downloading from the internet will save discs more than Blu-ray. And that gives us a major advantage over our competition

Snake Raiser3568d ago

"Show that roughly 10 million U.S. homes now have Blu-ray players, including the PlayStation 3, which has a Blu-ray player inside. "
....... PS3=17/10 million?....
There are at least 17 million ps3's out there. ^-^
BIG BOSS needs to meet with these people I think...