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April 12, 2019 11:30 pm

DVD and Blu-Ray Sales Nearly Halved Over Five Years, MPAA Report Says

An anonymous reader quotes a report from Ars Technica: In its annual Theatrical Home Entertainment Market Environment report, the Motion Picture Association of America described an immensely sharp drop-off of physical media sales over the past five years. According to the data, which was obtained from DEG and IHS Markit, global sales of video disc formats (which in this context means DVD, Blu-ray, and UltraHD Blu-ray) were $25.2 billion in 2014 but only $13.1 in 2018. That's a drop in the ballpark of 50 percent. Don't expect 8K Blu-rays or other emerging quality-focused formats to turn the tide, either. Market data published by Forbes showed that the aging, low-definition DVD format still accounts for 57.9 percent of physical media sales, and 4K Blu-rays are only 5.3 percent. With drops that sharp, you'd expect apocalyptic financials for companies making and distributing movies. However, while there are certainly losers in this trend, the overall industry actually grew over the same period. Home entertainment spending grew 16 percent in 2018 thanks to surges in consumer spending on digital video services from players like Netflix, Amazon, and Hulu. The report says that subscriptions to online streaming services grew 27 percent globally to 613.3 million in 2018, surpassing cable subscriptions (at 556 million) for the first time ever. "However, cable still drives more overall revenue than streaming -- it was the highest revenue platform in 2018, with $118 billion globally," Ars notes.

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