Washington, D.C. (January 8, 2009) -- Standard-def DVD sales fell eight percent in 2008, but a new SNL Kagan report says the Blu-ray high-def disc will soon rescue the industry.
That's according to an article by Reuters.
Kagan said the growth of Blu-ray will eventually make up for losses in the standard-def category. Trade group DEG (Digital Entertainment Group) said yesterday at the Consumer Electronics Show that roughly 10 million U.S. homes now have Blu-ray players, including the PlayStation 3, which has a Blu-ray player inside.
The group also said that three million of the Blu-ray players were sold in the fourth quarter when prices fell.
"We expect a resurgence ... over the next couple of years, thanks to high-definition," Kagan says in its report, according to Reuters. "Retail revenue should start to grow again in 2010. Sales should start a short period of growth as high-definition player prices drop below $200 in 2011 and Blu-ray really begins to penetrate the mass market."
Blu-ray players were actually available for under $200 in some stores this year. And Vizio announced yesterday that it will introduce a $199 Blu-ray player in April.
Kagan said Blu-ray sales represented less than three percent of home video revenue in 2008. But the research firm projects that it will grow to around 19 percent by 2011.
The Digital Entertainment Group, which includes movie studios, DVD sales fell two percent in 2007.
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That's according to an article by Reuters.
Kagan said the growth of Blu-ray will eventually make up for losses in the standard-def category. Trade group DEG (Digital Entertainment Group) said yesterday at the Consumer Electronics Show that roughly 10 million U.S. homes now have Blu-ray players, including the PlayStation 3, which has a Blu-ray player inside.
The group also said that three million of the Blu-ray players were sold in the fourth quarter when prices fell.
"We expect a resurgence ... over the next couple of years, thanks to high-definition," Kagan says in its report, according to Reuters. "Retail revenue should start to grow again in 2010. Sales should start a short period of growth as high-definition player prices drop below $200 in 2011 and Blu-ray really begins to penetrate the mass market."
Blu-ray players were actually available for under $200 in some stores this year. And Vizio announced yesterday that it will introduce a $199 Blu-ray player in April.
Kagan said Blu-ray sales represented less than three percent of home video revenue in 2008. But the research firm projects that it will grow to around 19 percent by 2011.
The Digital Entertainment Group, which includes movie studios, DVD sales fell two percent in 2007.
Comment on this article!
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