Monday, July 28th, 2008...10:50 pm
Blu-ray Sales Up 300%
No need to worry about Blu-ray format say industry experts. BD titles have already sold over $200 million in 2008.
First the bad news - the U.S. economy ain’t all roses lately. The good news? Home entertainment spending is rolling right along with over $6 billion spent on DVD on Blu-ray discs alone. Add in rentals and that number climbs to over $10 billion. That’s quite a relief for industry execs who had braced themselves (and the Blu-ray format) for a rough ride through 2008.
Why the success? Experts suggest that given the high cost of going out (dinner, drinks, movies) the home theater experience has become more attractive and certainly more frugal. It’s a bit reminiscent of the last recession during the ’90s, when consumers were also not going out as much and wanted a home entertainment experience.
I think people are becoming pickier on what they spend their money on, but home entertainment always represents a good value.
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