Movie studios are still fighting the death of the DVD

According to numbers compiled by entertainment industry research firm Digital Entertainment Group, U.S. consumers spent more than $6.9 billion dollars buying DVDs or Blu-rays and more than $3.3 billion renting them in 2014, drops of 10.9 percent and 13.7 percent, respectively. Additionally, the video-on-demand market brought in nearly $2 billion, a 6.7 percent dip year over year.

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“The palette of streaming opportunities has killed the VOD and DVD business, because consumers now have ton of choice,” said Bernard Gershon, president of Gershon Media. Indeed, according to the same DEG report, U.S. consumers spent $4 billion on subscription streaming services in 2014, a 25.8 percent increase over 2013.

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The theatrical window, for instance, used to be for six months, after which the film would come out on home video. That alone has shrunk to a little over four months.  

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