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Blu-ray Sales Up 351%
Posted April 18, 2008 01:34 PM by Josh Dreuth
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One of the reasons movie studios are hoping consumers adopt Blu-ray is in order to offset continually declining DVD sales. Since they plateaued three years ago, DVD sales have slowly decreased. The first quarter of this year was no different, showing an overall drop in DVD sales of 1.2% from Q1 2007. However, Blu-ray sales saved the day - just as studios have hoped they would - and when combined with DVD sales resulted in an overall increase in sales of 1% over last year.
Steve Beeks, president and co-COO of Lionsgate commented, "Blu-ray had its second-best week ever in the seven days ending March 23, and we anticipate Blu-ray sales of $800 million to $1billion-plus for all of 2008, up dramatically from approximately $300 million last year."
With the format war now over, studios are looking forward to the rest of the year as more and more consumers adopt the high definition format.
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Source: Hollywood Reporter |
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Relevant for:
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Lucy Diamond
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Apr 18, 2008
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Oh yeah.
I'm proud my 100+ helped that.
;o )
Good Job folks |
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Living Near Shamu
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Apr 18, 2008
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This should get all the studios moving faster. Come on HBO, we want BOB faster! |
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bluflu
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Apr 18, 2008
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As Michael Bay would say, "AWESOME!!!" |
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Hamawy
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Apr 18, 2008
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hope BD surpasses DVD by next April |
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Bango
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Apr 18, 2008
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Good news...I doubt BD will surpass dvd a year from now...maybe two. I think the biggest factor of upgrading to blu-ray...is that for all the people that still dont' have an HDTV, it's yet another thing to buy. Upgrading from VHS to DVD, meant people had to buy just another compoonent. With Blu-ray, some people will have to buy the player AND the TV. I just think the whole transition will take a little longer. Everyone do your part and turn all your friends and family onto blu-ray! Push vizio 1080p sets on them or something, just so they get a blu-ray player!  |
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kaliraver69
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Apr 18, 2008
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This is more excellent news for Blu-Ray and hopefully in a couple of years it will over take DVD! |
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daniel andrews
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Apr 18, 2008
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Projected sales at $1billion?! How does that compare to projected DVD sales in 08? How comparable will these figures be by next year?! |
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PS3-Playb3yond
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Apr 18, 2008
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That's awesome!
I wonder who still buys DVDs these days?  |
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mugupo
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Apr 18, 2008
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Of course many people DVD, due to fact that many blu-ray player and TV is still pretty pricey whe is not onsales, But think this holiday season will see a big close gap bewteen blu-ray and DVD. Fact is there's still no PC Game or software using blur-ray at this moment. |
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that1guypictures
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Apr 18, 2008
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I think Blu-Ray will really take off from December 08-April 09 due to the Holiday shopping season combined with the HDTV rollover in the US.
I think that around 2010 Blu-Ray will head for a 50/50 split with DVD purchases,
and that eventually maybe even pass DVD sales.
(I personally think DVD will be around for about 10 years though...
it's just all too practical to just throw away, unlike VHS.) |
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jcdDigix
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Apr 18, 2008
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More good news to come! Keep buying Blu-ray folks. |
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maineventer44
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Apr 18, 2008
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I agree with Bango comments. VHS had a strong hold of the home video market for about fourteen or fifteen years then DVD came out, say about 1998. It wasn't until 2006 that VHS was phased out completely. It took about eight to ten years to phase out one piece of technology over another. I believe that it could take BLU-RAY less or maybe the same amount of time that it took for DVD to overtake VHS. But I DO believe that BLU-RAY WILL overtake DVD, one day!!! |
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KretzJ
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Apr 18, 2008
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OH yeah.... I'm liking those stats! |
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CptGreedle
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Apr 18, 2008
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Looks like the DVD sales are still slipping a little, and Blu-ray is already coming to save the day!! 
Also, thanks for the "tip" at the bottom, I always have that problem with the weird text wrapping. |
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Rainman208
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Apr 18, 2008
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Good news but there's still work to be done.
There are A LOT of people who have no idea what Blu-Ray is or that there was even a format war. Sure these are the same people who aren't by any means tech savy and don't have a HDTV yet but there are more of them than I think most people realize.
BD marketing should do a series of commercials simply explaining what Blu-ray is and its benefits instead of just stating that certain movies are available in Blu-ray high def. You know break down the whole blue laser vs. red laser thing and that's why you need a new player. One of my co-workers bought some Blu-ray's and thought they would work in a SD-DVD player. I do as much as I can with word of mouth but I get hoarse easily. :-) |
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tru blu
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Apr 18, 2008
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Everyone on this site should be pleased, that we have contributed to the start of great things to come. |
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