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Blu-ray On Track To Surpass DVD Sales In 2012

By - Source: Tom's Hardware US | B 4 comments

 

Los Angeles (CA) - High-definition video saw substantial growth in 2007, but it will take four more years until consumers will spend more money on Blu-ray discs than on DVDs, the Entertainment Merchants Association (EMA) concluded in its 2007 Annual Report. In 2007, high-definition video sales accounted for only 1.6% of all video sales.

According to the EMA, nearly nine million high-definition discs were sold in 2007, for which consumers spent more than $260 million. Total home video generated $15.9 billion in sales and $8.2 billion in rentals during the year.

The number-one DVD seller in 2007 was Happy Feet, The Departed led the rental charts, High School Musical 2 was the best selling TV on DVD title, and 300 was the leading high-definition disc movie, the organization said. There were 12,177 DVDs released in 2007, down from a peak of 13,950 in 2005.

It is still estimated that high-definition has a long way to go until it will replace the DVD as the mainstream movie format. The EMA said that sales of Blu-ray discs are expected to exceed those of standard DVDs in 2012 and will generate sales of $9.5 billion. By that time, total home video spending will be up to $25.6 billion, the organization believes.

In the rental business, online rental businesses such as Netflix and Blockbuster Total Access captured 25% of the market, while traditional rental stores accounted for 73% of the rentals. Kiosk rentals doubled their market share to 2%.

Most movie studios agree that Blu-ray will see a slower than expected expansion this year. While HD DVD is gone and player prices are beginning to drop, cheap upconverting DVD players are believed to be holding back Blu-ray player sales: It is estimated that about 3.5 million upconverting DVD players were sold in 2007 versus just 500,000 Blu-ray players (excluding Playstation 3). At the recent Home Entertainment Summit, studio representatives said that total Blu-ray sales will be approaching about $1 billion in 2008.

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  • 0 Hide
    vagetaqtd , June 27, 2008 11:48 PM
    Simple solution to replace DVDs: Price BD the same as DVDs. I'm in, anyone else? They will still make a profit once they rack in the numbers. Dumbasses think we would actually pay $40 for a movie.
  • 0 Hide
    velocityg4 , June 29, 2008 5:36 PM
    Thats what I am waiting for. I will start buying HD when I can pick up most HD movies I want at Walmart for $10-$15 like I do now with DVD. I usually by movies a few years old the steep price for new releases is ridiculous.
  • 0 Hide
    jrivera04 , June 30, 2008 9:25 PM
    How many of these HD movies were left over HD-DVD titles?

    Until HD TVs and BR players drop down in price, the majority of people will settle for upconverted DVDs or continue to buy $29 DVD players.
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    dvmoo7 , July 2, 2008 5:43 AM
    BRING back HD DVD format!!! Death to BR :) ...jk...

    High Definition Web streaming will be the way everyone will enjoy videos in the near future. So in a way BR is already obsolete or at least short lived. .. JMHO