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July 02, 2005
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First it was Box Office, Now DVD Sales Slumping Too?
There has been a lot of talk about the sluggish box office for recently released movies, but now BusinessWeek is reporting sluggish DVD sales as well (End of the DVD Party?). This is not good news for Hollywood, as many of the problems with box office were mitigated by the rise of DVD. If DVDs are faltering too, well, that is a real problem for Hollywood. What is behind this is unknown, so far. Speculation abounds.
Result: Retailers increasingly are shipping back unsold DVDs -- even those as hotly anticipated as Shrek 2 or The Incredibles -- because they don't have enough shelf space to keep all those titles, figure several analysts.
The article also mentions all the additional competition for viewers, such as videogames and TiVo, which makes broadcast more attractive. Perhaps this is just a blip, if not, as the article says, it could be "seismic."
via ReBang
posted by Ernest Miller |
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