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Video streaming spending to trump DVD rentals in UK 09 May 2016

According to Strategy Analytics, the time has come in the UK when people are going to spend more on digital film/TV downloads or SVOD in comparison to DVD buying or renting. It is estimated that this year £1.3B will be spent on video streaming and downloading compared to £956M on DVDs and Blu-rays.

“Five years ago, DVDs represented 86% of consumer spend on home video, in five years it will be less than 14%, with DVD/Blu-ray rental virtually extinct,” said Strategy Analytics’ digital media director, Michael Goodman.

“As online provides increasing ways to access films and box-sets, physical simply can’t compete. Although many people will always prefer a physical disc, retailers will have to decide whether it’s even viable to offer that format in five years’ time.”

Source: TBI Vision

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Roshan Dwivedi

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