Archive for August, 2010
Today’s Wall Street Journal has an article which validates my previous post on Blu-ray’s obsolescence. Today’s article notes that DVD/Blu-ray sales are continuing to decline from their peak of nearly $16 billion in 2007, to less than $13 billion in 2009. Year-over-year sales declined 14% in the 2nd quarter of 2010 with no expected increase. Most movie execs claimed that a lack of movies was responsible for the decline in sales not a shift in viewing and buying patterns.