DVD Sales Down. What do You Think the Reasons are?
At the recently concluded Consumer Electronics Show (CES), the Digital Entertainment Group released its figures for DVD spending in the United States in 2008. The results were a 5.5% decrease from the previous year.
DEGâ€™s figures arenâ€™t just for outright sales of DVDs, but also include DVD rentals and Blu-Ray disc sales. Rental revenue stayed nearly constant from previous yearâ€™s figures but sales pretty much took a nosedive. While itâ€™s easy to blame dismal sales on the old monster of piracy, I personally think there are a lot of factors for this loss. Here are some of them.
Economics: Thereâ€™s no denying that DVD sales have in part been affected by the recession. With money starting to get tight, fun spending is the first to be cut and DVDs are definitely not â€˜essentialâ€™.
Content: For me, barring 2-3 flicks, I canâ€™t think of many movies that I found memorable this year. So I donâ€™t see the point of owning them on DVD because I certainly donâ€™t want to watch them over and over.
Digital Downloads: Nowadays, plenty of TV shows and movies can be legally purchased in a digital format of your choice. In the case of TV shows, consumers have the option of purchasing only the episodes they want. This is a definite advantage over buying an entire season on DVD for a few episodes.
Transition to High Definition: Falling prices of HDTVs, Blu-Ray players, and discs means that a lot of people no longer prefer to invest in standard-definition media like DVDs. Itâ€™s similar to tapes dying out once CDs became more affordable.
Iâ€™m not much of a DVD person myself. If a movie catches my fancy, Iâ€™ll watch it in a theatre. If not, I can just wait a few months and catch it when itâ€™s broadcast on cable. What about you? Have you bought less DVDs this year? Why do you think sales are down? Let me know.Advertisement