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DVD sales gets worse in ’08 – Pali Research

March 10, 2008

dvds-broken.jpgToo little too late, at least for 2008. Hollywood’s long awaited decision to back a winner in the single next-generation DVD wars didn’t come fast enough to stem a further decline in DVD sales this year, according to Pali Research’s Richard Greenfield.Greenfield now expects consumer spending on DVDs to fall 4 to 5 percent this year, compared to a 2 percent decline in 2007, despite an anticipated tripling of Blu-ray DVD sales this year. Blu-ray won’t start slowing the decline until 2009-2010.Slowing sales of older titles, Wal-Mart’s decision to clean up its aisles by eliminating “dump bins” of discounted titles, and anticipated Internet service bandwidth increases that could boost piracy of video are also expected to pressure sales of physical media.Perhaps there is still time for DVD and Blu-ray to make nice with consumers. Sony’s U.S. chief said consumers prefer physical discs to Internet delivery, and that it could take a decade before downloading hits its stride.(Photos: Reuters / This is what they do to pirated DVDs in Bucharest.)

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Blu-ray being such a tiny tiny market – also being higher priced and requiring new software, with limited stock of titles and not really necessary with current upsclaing technlogy which makes the many 100,000 standard DVD look as good as HD – won’t have any effect on increasing sales…

Posted by Mike | Report as abusive
 

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