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News Digest
Blu-ray Sales Up 83 Percent In 2009
TVPredictions.com

Washington, D.C. (October 18, 2009) -- Blu-ray high-def disc sales have jumped 83 percent in 2009, according to a report from The Digital Entertainment Group, which was released today.

Despite the good news on Blu-ray, the home entertainment category, which includes DVDs, Blu-ray and digital downloads, is down 3.2 percent so far this year.

The economic recession and plunging DVD sales are considered most responsible for the overall decline.

In the third quarter, Blu-ray disc sales soared 66.3 percent to $161 million compared to last year's third quarter. Blu-ray rentals also jumped 44.5 percent in that time period.

Read more below.

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DEG, which represents Hollywood studios and other entertainment companies, said Blu-ray revenue now represents an average of 12 percent of all hard media sales. However, some high-visual titles, such as Watchmen, have reached the 30 percent mark.
 

“Titles that appeal to the early adopter demographic continue to perform increasingly well on Blu-ray, representing upwards of 20 percent of all physical media sales,” said DEG Chairman Bob Chapek, who's also president of Walt Disney Home Entertainment. “As the penetration of Blu-ray increases, we are beginning to see the same kind of response by mainstream audiences that we are seeing in early adopters.”

The group said Blu-ray players, including the Play Station 3 console, which has a Blu-ray player inside, are now in almost 12 million homes in the U.S.


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Phillip Swann is president and publisher of TVPredictions.com. He has been quoted in dozens of publications and broadcast outlets, including CNN, Fox News, Inside Edition, The New York Times, The Washington Post, The Chicago Tribune, The Financial Times, The Associated Press and The Hollywood Reporter. He can be reached at swann@tvpredictions.com or at 703-505-3064.

Click TVPredictions.com to read more news and features on TV technology. 

 
 
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