Anyone remotely familiar with the home entertainment landscape knows that DVD is in serious trouble, and another new study seems to confirm it. The study, released by research firm In-Stat, predicts that physical disc sales will decline by $4.6 billion by 2014. Blu-ray disc sales should grow, but not enough to counteract the sharp drop in DVD sales.
Streaming, on the other hand, should grow from its current $2.3 billion to $6.3 billion over the same time period, says the study. In-Stat principal analyst Keith Nissen offered the following on the shifting home entertainment marketplace:
“Video disc rentals will continue their significant decline . . . The convenience and utility of the online offerings are simply too compelling.”
How many of you think the DVD format will still have a place in your home in five years, Insiders? Are In-Stat’s numbers about right, or could streaming supplant physical media even more quickly than they are projecting?