As Seen On...
Forbes Best of the Web Summer 2005
View Press Release

Site search Web


Previous Posts


Wednesday, December 07, 2005

DVD sales close to peak

DVD sales close to peak

"Worldwide movie sales on DVD are likely to be nearing their peak as more people look to computer downloads and video-on-demand to watch their favourite programming, a new report says.

"The PC industry is champing at the bit to provide downloaded movies that might compete with DVD sales, and Pay-TV services want to add movies to their video-on-demand services, to their new disk-drive-equipped set-top boxes, and to their emerging high-definition TV services," said Gerry Kaufhold, an In-Stat analyst and author of the report.

DVD sales growth is slowing, according to several recent reports. A study released by Adams Media Research in October forecast DVD sales of about $US17.3 billion ($23.1 billion) this year, a 12 per cent rise from 2004. Adams forecast a 9 per cent rise to $US18.9 billion in 2006.

The industry also is grappling with a scuffle over what technology will underpin the new wave of high-definition DVDs, the report said.

"The migration to next-generation high-definition optical disc formats is not going smoothly," Mr Kaufhold said.

On one side is Sony with its Blu-ray format and studio supporters such as Metro-Goldwyn-Mayer and Fox. The rival format is HD DVD, championed by a group of consumer electronics companies including Toshiba." [link]

Post a Comment

Subscribe in NewsGator Online
eXTReMe Tracker