Written by: Roshan Dwivedi
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