DVD gross sales have been on the decline for over a decade, however a slew of recent streaming companies and a shift in how customers are watching
DVD gross sales have been on the decline for over a decade, however a slew of recent streaming companies and a shift in how customers are watching films and TV exhibits could possibly be the ultimate demise knell for the know-how.
The identical may be mentioned for Blu-Ray discs.
At its peak, DVD gross sales reached $16.three billion and had been 64% of the U.S. residence video market. That was 2005. Nowadays, DVD gross sales account for lower than 10% of the entire market, with complete gross sales hitting $2.2 billion in 2018.
Blu-Ray discs, which have at all times been barely costlier than DVDs, launched in 2006. At most, Blu-Ray gross sales reached $2.37 billion in 2013, earlier than falling to $1.eight billion in 2018. It is seemingly that Blu-Ray gross sales fractionally impacted the decline of DVD gross sales, however the truth that DVD gross sales nonetheless outpace Blu-Ray gross sales exhibits it isn’t the actual offender.
As an alternative, a mixture of the Nice Recession, an increase in clients shopping for on-demand and digital copies of movies and the launch of streaming companies is what has prompted DVD gross sales to say no greater than 86% within the final 13 years.
And that decline might worsen as extra streaming companies enter the market. Disney+, Peacock and HBO Max are all arriving throughout the subsequent yr. Apple TV+ rolled out on Nov. 1, and Disney+ arrives Tuesday.
Main as much as the financial downturn, there was an enormous growth in DVD gross sales. Between 2001 and 2005 clients had…