MI2N
Music Industry News Network
FRIDAY, JULY 31ST
Advanced Search
MusicDish Advertising Network
Subscribe to Mi2N's Free Newsletters B2N (business) i2N (indie)
HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Video News (more headlines) 06-21-2009

Blu-ray Unable To Halt DVD Sales Slump

Bookmark and Share

The global video business lost more than $2.6bn in 2008 due to a combination of a fall in both DVD purchase and rentals by consumers. The figure, which equates to a downturn of 4.8 percent globally, is published in the latest report from Screen Digest (www.screendigest.com). Whilst the decline in North American DVD sales is well documented, the decline in international markets (global excluding North America) has received less coverage.

Internationally last year consumers spent $26.4bn on video software, with two thirds of that figure ($18.1bn) spent on buying DVD discs. The overall figure represents a 3.6% drop on 2007 spend and a 4.7% drop on disc sales alone. The sales figures are in line with the overall trend which saw consumer spending plateau between 2004 and 2007 and the North American market starting to decline in 2007 which signalled the start of a global downward trend.

The high definition Blu-ray format was heralded by the industry as the answer to the decline of DVD. However the format war with Toshiba's HD DVD meant that the strong unified marketing that had worked so successfully for DVD's launch a decade earlier was not replicated. This coupled with a worldwide recession in consumer spending and the easy availability of video via other means such as downloading, pirate, legal and illegal temporary ownership, ensured that despite strong sales of BD in 2008 of $482m, they barely made a dent in the missing revenue.

Physical rental continues to decline
This market is coming under pressure from many sides, including ever-cheaper disc sales, piracy, downloading and legal and illegal temporary ownership. As mass market rental chains adopt ever more aggressive pricing strategies to keep customers, online rental services such as LoveFilm International in Europe and Quickflix in Australia have helped ease the decline of physical rental, however online rental is not effective in all markets.

The chart above shows the top ten international markets for growth in video spending. However outside of this ranking lie three countries that experienced double-digit growth in consumer spend in 2008 - China, India and Russia. At present their combined spend accounts for only 4 percent of the international total ($979m) therefore placing the combined countries just ahead of Italy in international rankings. Whilst this is small, the markets have attracted the eye of the Hollywood Studios as a result of their performance.

Helen Davis Jayalath, Senior Analyst at Screen Digest says "We expect Blu-ray to account for 6.9% of international video spending this year - assuming there is strong promotional activity. However, despite consumers' interest in the high definition format and demand for packaged media, the current challenging economic climate means that we don't expect BD to be driving even minimal sector growth until 2010."

Bookmark and Share

back | top



MusicDish Advertising Network

Mi2N Music PR

International R&B/Soul Artist Devon Howard Goes Back To Classic R&B With New CD 'Return To Love'

IES Rock Honors Set To Induct Icons Lemmy & Motorhead, Slash, The Ramones & The Runaways

Gypsy Funk, Twenty-Seven Songs And A Bucket

Mirage Box Release Follow Up Single Last Beautiful Woman

825 Records Releases Kerchief's Debut Album "Machines And Animals"

I E S 1 5 - The Indie Entertainment Summit For 2015 Is All Set For August 5-8 In L.A.


SplashFlood Launches New Talent-Based App To Help Artists Promote Their Music

Number 1 iTunes World Artist Breaks The New Age Barrier



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» RMLC Voluntarily Withdraws Its Antitrust Lawsuit Against SESAC
» The Future Of Music Is The Experience
» Blachawk Records Signs Pop Artist Ravoshia
» Rap Duo Conceptz Two In A Row On Billboard Charts
» New York’s Radiotheatre Comes To Seattle’s Puget Sound FM
» Peggy Still Johnson, Brian Hudson And Steve Sidman Named Advisors Of Georgia Music Partners
» Universal Music Publishing Group Announces Major New Features In Royalty Window Online Account Portal
» City Parks Foundation Presents Summerstage 30th Anniversary Season
» AMSS 'JAYMEL' BRINGS SUMMER VIBES TO INDIA'S MORIOR INVICTUS
» Mocean Worker, Ursula 1000 Sign With Superior Music Publishing


Get your music news covered...
Have your press release written
by the pros at Mi2N

Articles
MUSICDISH E-JOURNAL
» New Island Entertainment Presents A F8ckin Birthday Extravaganza At Santos Party House
» MusicDish*China Booking (Snow Mountain), DDC, NAMM Musikmesse Russia And NMS
» 365 Days From Dusk Till Dawn: DDC 1 Year Anniversary Program
» The Challenges Of Learning How To Play Drums
» Blue Note Entertainment Group Further Expands East With New Venue In Beijing
» From North Korea To NYC - Shanghai DJ B.O Spins Libation & Leftfield
» Bay Area Chinese Music Association Presents Second Hand Rose West Coast Show
» Cooking Vinyl's Martin Goldschmidt Calls For Direct Tax Breaks For Music
» Strong Opportunities For International Tech Manufacturers Among Chinese Consumers
» New Island Entertainment Presents Second Hand Rose @ New York's Santos Party House
» MusicDish*China Tours, Signing, NYCxDesign And Planetrox
» Award-Nominated DJ Soulier Performs At Beijing's Award-Winning DDC

Mi2N's Music PR distribution service guarantees online exposure for your press release. Choose from seven (7) different packages.


HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Copyright © 1997-2015 MusicDish LLC, all rights reserved. Text, graphics, and HTML code are protected by US and International Copyright Laws, and may not be copied, reprinted, published, translated, hosted, or otherwise distributed by any means without explicit permission.