DVD sales also feeling the pinch, down 4% on the year

Coming at you straight from Shockville is this tidbit: a report claiming that DVD sales are also hitting the skids, along with practically everything in the world save for milk, bread and diamond-clad cellphones. In fact, DVD sales on the whole are down 4% for the year, with the biggest drop occurring in October; it's also noted that Blu-ray sales, according to Warner, will "miss sales projections for the year by 25%." Interestingly, we're told that the slumping economy isn't the only aspect to blame, as media companies are purportedly "dumping more obscure titles on the market, leading to downward pricing pressure," according to Distribution Video and Audio. Of course, we're also informed that digital downloads could be cutting into sales, but even during the down times, the DVD business is still outperforming a whole gaggle of other sectors. Don't cry so soon, DVD, as Black Friday is still to come.

[Image courtesy of Komodo-Sam]

[(Unverified) Posted Nov 21st 2008 4:49PM]

the loss in DVD sales is the gain in Blu-ray.

[daaper Posted Nov 21st 2008 5:21PM]

That would make sense. If that's true, it would also mean that overall sales are up because Blu-ray has more than a 4% market share (if we're to believe the numbers). In the end, who really knows but the studios...

[LonnieDVD Posted Nov 22nd 2008 10:37AM]

Yep, even us DVD owners are cutting back. However, the economy is not the only reason sales are down. Another reason is the crap movies Hollywood is putting out. Aside from The Dark Knight, how many good movies came out this year? I can only think of five movies that I would buy on DVD.

[(Unverified) Posted Nov 22nd 2008 12:20PM]

Just 4% down?!

That is an outstanding number considering just how many avenues of attack DVD is currently under.

In a saturated market such as DVD is and with several up-and-coming competitors
(not forgetting all those hoary old BS tales about how downloading and 'piracy' is hurting sales)
I see a dip of only a mere 4% as very good news for DVD and an excellent performance.

It just goes to prove how DVD will be around for a very long time yet and how it will be maintaining it's position as the market No. 1 for retail movie discs.