Description: Hollywood may be seeing a turnaround in a seven-year decline of home video sales, thanks to double-digit sales growth of Blu-ray discs and online movies and TV shows, an industry trade group is expected to announce on Sunday night
Home sales of film and TV shows reversed that decline, and increased by 0.5 per cent if sales through electronic outlets such as Apple’s iTunes service are included. Consumers purchased $165-million of those so-called electronic sell-through products.
Industry officials expressed optimism that growth will continue, based on continued sales of Blu-ray players and introduction of the studio-backed UltraViolet service by which consumers can buy movies that are shared among several cloud-connected devices. Nearly 2 million users have signed up since the serviced was introduced late last year, DEG said. Read Rest of Story
Questions for discussion:
1. Why have DVD sales collapsed for Hollywood?
2. What technologies hold the best promise for Hollywood revenue streams in the future?