Holstein912
07-14-2008, 09:46 PM
One analyst says Wall Street doesn't understand the home video industry; he's right.
Washington, D.C. (July 14, 2008) -- Consumers have spent $194 million on Blu-ray high-def discs in the first six months of 2008 -- a 350 percent over sales of both Blu-ray and HD DVD titles in the first six months of last year.
That's according to an article by The Hollywood Reporter.
The publication adds that Bluj-ray sales revenue alone should triple the amount of digital downloading revenue in 2008. One analyst says the high-def disc's advantage is evidence that Wall Street doesn't understand the tech industry.
Many Wall Street analysts have said digital downloads -- downloading movies over the Net directly to your home TV -- will soon replace both Blu-ray and the standard-def DVD.
"Most analysts are techno-geeks with plenty of money and not much time, while most Americans are not technically savvy, and they have plenty of time but not much money," said Tom Adams, president of Adams Media Research. "The fact is, despite what many on Wall Street seem to think, there is very little digital downloading going on. We're talking about $118 million in 2007 spending, and about $254 million this year -- so against a $24 billion packaged media market (Blu-ray and standard-def DVD) it's really not making much of a dent at this point."
The Hollywood Reporter writes that unit sales of Blu-ray discs were up 340 percent in the first half of 2008, with the number of discs sold around 7.4 million.
I Am Legend is the leading high-def disc seller with 305,000 unit sales, followed by National Treasure 2: Book of Secrets with 145,000.
Source: TV Predictions
Cheers
Holstein912
Washington, D.C. (July 14, 2008) -- Consumers have spent $194 million on Blu-ray high-def discs in the first six months of 2008 -- a 350 percent over sales of both Blu-ray and HD DVD titles in the first six months of last year.
That's according to an article by The Hollywood Reporter.
The publication adds that Bluj-ray sales revenue alone should triple the amount of digital downloading revenue in 2008. One analyst says the high-def disc's advantage is evidence that Wall Street doesn't understand the tech industry.
Many Wall Street analysts have said digital downloads -- downloading movies over the Net directly to your home TV -- will soon replace both Blu-ray and the standard-def DVD.
"Most analysts are techno-geeks with plenty of money and not much time, while most Americans are not technically savvy, and they have plenty of time but not much money," said Tom Adams, president of Adams Media Research. "The fact is, despite what many on Wall Street seem to think, there is very little digital downloading going on. We're talking about $118 million in 2007 spending, and about $254 million this year -- so against a $24 billion packaged media market (Blu-ray and standard-def DVD) it's really not making much of a dent at this point."
The Hollywood Reporter writes that unit sales of Blu-ray discs were up 340 percent in the first half of 2008, with the number of discs sold around 7.4 million.
I Am Legend is the leading high-def disc seller with 305,000 unit sales, followed by National Treasure 2: Book of Secrets with 145,000.
Source: TV Predictions
Cheers
Holstein912