MI2N
Music Industry News Network
FRIDAY, DECEMBER 2ND
Advanced Search
MusicDish Advertising Network
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

Gig Performer Software Elevates Live Performing Experience Providing Complete And Effortless Control Over A Live Music Rig

Toronto's K-Slick Realeases New Music Video

Singer/Songwriter Katie Garibaldi Original Christmas Song Out Now!

Anthony Caceres Releases Smooth Jazz Single "A Very Special Christmas"

Atlanta-based Rapper Chris Jamez New Single "Street Soldiers"

VersusMedia Launches New Website For Its Film Music Service

Lost Elysium Launches Their Newest Single From Woodstock New York



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» UK Music Reacts To Election Of Donald Trump As US President
» High-Fidelity Earplugs Becoming The Hearing Health Solution At Concerts
» Metal Tales: Fury Of The Guitar Gods Video Game Available Via STEAM On November 18
» The Country Network Now Available On Roku
» Alleged Promotional Effect Provides No Basis For Federal Law To Mandate The Free Use Of Music By The Terrestrial Radio Broadcast Industry
» Rednote Grows Team, Builds Advisory Board
» Viberate.com Launches Full Version Of Essential Statistical Resource For Music Professionals
» The Future Of Music: Transparency Built With Blockchain
» Dan McCarthy Releases New Video And Single "Ladybug Point" Worldwide!
» Indie Artist Craymo Wins Best Song For Be Myself In Worldwide Music Contest


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

Articles
MUSICDISH E-JOURNAL
» Viberate.com Statistical Resource For Music Professionals
» Proper Becomes European Hub For Believe, Picks Up Glitterbeat
» Inaugural MAMA Creators' Forum In Hong Kong
» Live Streaming Eagle I Stallian "Reckless Gods" China Tour
» Koto-toting Jazz-Folk Trio The Jessica Stuart In Beijing
» BMG And Alibaba Music Deepen Music Partnership
» Ambient Chill Out Night @ Dada Beijing
» Warner/Chappell Names Monica Lee President, Asia-Pacific
» Sub Terra #3 - 12th November Promises
» Deadline Upcoming: USArtists International 2016-2017
» Fashion Rocks First Time In Asia
» Elenore "Into The Shadow" Tour Continues In Beijing And Shanghai

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.