During one of the worst economies our parents have ever seen, according to Adams research, people spent $9.97 billion to get out of the house to see a movie last year -- up 10 percent from 2008. At the same time, Disc sales (DVD and Blu-ray included) were down 13 percent to $8.73 billion -- which wasn't down nearly as much as most consumer goods. Now we know what you're thinking, all those digital downloads must be cutting into Disc sales, but you're wrong. In fact despite plenty of growth, VOD via cable and satellite services brought in $1.27 billion, while digital downloads only managed $0.36 billion -- so yeah not even 5 percent of what Discs brought in. What probably did cut into Disc sales more than anything else though was rentals, which rose 1.8 percent to $8.15 billion -- no wonder
Warner made a deal with Netflix and other studios withheld titles from
Redbox. Overall Hollywood fared pretty well totaling $28.38 billion on features movies alone so while there are a few potentially disruptive technologies out there, so far none have been.
posted January 14th 2010 8:14PM
I bet piracy was up this year too.
So I guess that grave that DL are digging for CDs/DVDs/BDs is still pretty shallow eh?
20 years from now disc will still be selling, not as much. However, all this talk about discs being dead and burried already should stop. It makes tech people look out of touch with reality. 50% of the Music market is still made up of CD sales. All streaming/DL is the future, not a close one however.
Hmm, something seemed strange about the DD number so I looked up the numbers reported in July which pegged it a lot higher number.
"In contrast, rentals and sales of digital media through outlets like iTunes, Xbox Live, and Amazon totaled $968 million in the first half of the year—more than double the revnue from Blu-ray sales—altghough online sales and rentals only grew 21 percent in comparison to the previous year."
http://www.digitaltrends.com/home-theater/deg-claims-blu-ray-sales-up-91-pct/
@(Unverified)
Well one of them is obviously wrong or the numbers aren't comparable. Maybe Adams breaks out iTunes etc from VOD and DEG doesn't?
Avatar make more money than Blu-ray Sales.
Gross revenue means nothing. Its all about the net profit.