NDM: Film and TV ​streaming and downloads overtake DVD sales for first time

Film and TV ​streaming and downloads overtake DVD sales for first time

Link: https://www.theguardian.com/media/2017/jan/05/film-and-tv-streaming-and-downloads-overtake-dvd-sales-for-first-time-netflix-amazon-uk

Summary:

Britain has been having a growing demand for streaming service from places such as Netflix and Amazon and has out-run DVD sales. Total revenue for TV or any stream service was up to $6 billion, whereas DVD sales were up to £1 billion last year. It is said that the biggest DVD to be sold the most is J.J Abrams Star Wars: The Force Awakens which had sold over 2.3 million copies. 

Statistics:

• The rise in popularity of paying for TV content helped power total UK revenue from music, TV shows, films and video games to a record £6.3bn last year
• Total revenues from digital video – which includes services such as Apple’s iTunes as well as Sky’s store and Now TV – surged almost 23% to £1.3bn last year.
• The digital boost came as high street sales of DVDs and Blu-ray discs fell 17% to £894m 
• Total revenue from physical and digital sales rose 2.2% to £2.25bn
• biggest seller of the year Star Wars: The Force Awakens with sales of 2.3m

Own view:

I do think that there has been a major 'kill off' of the DVD industry where there is practically no people purchasing them to watch films or listen to music. I do think that now days, DVD/CD's are useless for the music industry as there are rarely anybody who uses a stereo as they can listen to music via phones and spotify for free. In addition, the necessity of getting a hard copy of a film is very much still in the air, but that generally happens if the movie is good like Star Wars. People would rather purchase them for download simply due to convenience, this is apparent with Sky's stream service where one can pre-order a cinema film and download it when it comes out, instead of having to go to the store to buy a hard copy. Finally, I do think that the DVD industry will be alive only with the video game industry. People are still hating the idea to use the internet to download a game off of the game store as it normally takes 24+ hours to download, as opposed to a DVD copy which will take 5-10 hours to download. People who play video games very much prefer DVD as it is quicker to download and really depends on the current state of the internet provider as it take a long time to download a full game.