Streaming services are killing off the DVD and Blu-ray industry

Read full story
button more charts
button chart prevbutton chart next

DVDs may be headed for the same fate as VHS cassette tapes, as consumers change their viewing habits and binge on a variety of video streaming services. The shift from discs to online streaming can be seen in Digital Entertainment Group's year-end report, which found that US consumers spent nearly $6 billion more on subscription services like Netflix and HBO Go last year than they did on DVD and Blu-ray.

As this chart by Statisa shows, sales of all physical formats of video - such as DVD and Blu-ray discs, DVD subscription services, and video kiosk rentals like RedBox - experienced a substantial decline in 2017. Interestingly, video-on-demand services also saw a 7% decline, underscoring the growth in "cord cutters" who are ditching their monthly cable plans for streaming options. Whether consumers are motivated by cost savings, ease-of-use or immediacy, it's clear that internet has emerged as America's favorite method for video distribution.

chart of the dayStatisa

Add Comment()

Comments ()

X
Sort By:
Be the first one to comment.
We have sent you a verification email. This comment will be published once verification is done.