MI2N
Music Industry News Network
MONDAY, MARCH 30TH
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

Celebrating 10 Years Of Success And Community In The Midwest With Mindset Evolution

The Underground Presents PLANETROX China 2015

Dramatic New Solo Piano Album Represents Several "Firsts" For Award-Winning Artist Fiona Joy And Cookie Marenco’s Blue Coast Music Group

On Easter Sunday 2015, The Light Will Shine In The Darkness

Meresha - 1st Ever World Music Premier On The #1 Social Media Startup Tsu April 7

Legendary Stax Guitarist Steve Cropper And Rock Newcomer Matt Miller Make Beautiful Music Together

Taiwan's Bearbabes Answer "How To Love" With Upcoming Performances

Aleynu. New Video From LENKA LICHTENBERG Is Upon Us!



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» ICMP, CMPA And CMRRA Support SODRAC In Supreme Court Royalties Case
» Beatport Introduces Free Mobile Apps With Unlimited Streaming Music
» International Recording Artist "David Correy" Signs To 50/50 Music Group
» The Notionaries "Excited Eyes" VEVO Release Coming April 1st, 2015
» A Warmer Welcome To Big Business From EDM
» Ethan Kaplan Joins Gracenote As General Manager Of Music
» Sound Designer And Editor Talks Business, Creativity, And Technology
» Deadline Extended For 2015’s International Music+Sound Awards
» J Metro Releases New Single "Magic"
» Bangtower Producer Jon Pomplin Signs Endorsement Deal With Conquest Sound USA


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

Articles
MUSICDISH E-JOURNAL
» ReverbNation And SESAC To Nurture Emerging Artists
» Veteran Chinese Rocker Wu Tong Presents "Song Of The Sheng"
» Inner-Mongolian Indie Band Ajinai's World Tour Launches In Toronto
» 26th Annual Golden Melody Awards & Festival
» Toyota 'Feeling The Street' Global Street Music Campaign
» MusicDish*China Review: 'Chinese Kiss' From Chinese Music To Hip Hop
» JUE | Music + Art Presents Awesome Tapes From Africa
» Students, Musicians And Filmmakers Unite For The 'Take Me To The River' Education Initiative Launch
» ASCAP CEO Elizabeth Matthews Testifies For Senate Judiciary Subcommittee
» JUE | Music + Art Launches 7th Edition In Beijing & Shanghai
» Kenney Shiu Appointed New Director Finance & A&R At BMG China
» Dutch Indie-Rock/Modern Wave Band Atlantic Attraction Tours China

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.