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."