U.S. DVD sales and rentals of both standard DVDs and Blu-ray discs dropped yet again in 2008 from the previous year.
U.S. consumer spending on home entertainment fell 5.7 percent last year to $22.4 billion, driven by a 6.3 percent decline in DVD sales direct to consumers (also known as "sell-through"). Within sell-through, Blu-ray sales gained traction, while standard-definition DVD sales dropped 9.5 percent, according to trade group Digital Entertainment Group.
This is the second year that DVD sales have declined after beginning in 2007 when spending fell over 3% from the year before.
Hollywood studios and analysts blame it on DVD piracy.
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Piracy is not the problem. Over pricing is. It costs over 10 pounds to see a film at the cinema here. To buy the DVD new is almost double that if you pay the RRP.
It also seems to be conveniently forgotten that DVD sales were a spike in home entertainment purchases. Before that people used to rent for the most part and many who bought into DVD purchased or re-purchased an entire back catalogue. People will not be re-buying again soon. I know I won't.