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Streaming services are murdering off a DVD and Blu-ray industry

DVDs might be headed for a same predestine as VHS cassette tapes, as consumers change their observation habits and binge on a accumulation of video streaming services. The change from discs to online streaming can be seen in Digital Entertainment Group’s year-end report, that found that US consumers spent scarcely $6 billion some-more on subscription services like Netflix and HBO Go final year than they did on DVD and Blu-ray. 

As this draft by Statisa shows, sales of all earthy formats of video — such as DVD and Blu-ray discs, DVD subscription services, and video kiosk rentals like RedBox — gifted a estimable decrease in 2017. Interestingly, video-on-demand services also saw a 7% decline, underscoring a expansion in “cord cutters” who are ditching their monthly wire skeleton for streaming options. Whether consumers are encouraged by cost savings, ease-of-use or immediacy, it’s transparent that internet has emerged as America’s favorite process for video distribution.

chart of a dayStatisa

 

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