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Are DVD rentals and sales down due to the boom of online technology?

Look at Tower Records – they totally went out of business because CD’s are ALMOST completely obsolete – if not obsolete, then enough to warrant a business shutting down because of MP3 availability and technology in its prime, whereby hardly anyone buys CD’s anymore. I’m wondering if within the next few years, DVD’s of any kind – HD or BluRay, whatever, will slip as well due to everyone wanting to download instead of buying the tangible product.

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See also  On-line dvd rentals, do you try to watch and return your movies and soon as possible to get your money's worth

Filed Under: dvd rentals Tagged With: by, HD, on, post, si, tangible product, te, the, tower records

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Comments

  1. Sgt Big Red says

    June 7, 2010 at 4:52 am

    While the sales probably won’t go down because some people like to build their own library, the rental end of the business is DOOMED’

    Now days with the advent of on demand cable services and now the entry by Netflix to offer down loadable movies right to your TV, the store front business aspect will end soon. No need to leave home to rent a movie anymore.

  2. Spock (rhp) says

    June 7, 2010 at 4:52 am

    what you mean to say is huge numbers of people wanting to download and not pay. yes!!

  3. RitzDV says

    June 7, 2010 at 4:52 am

    Yes it will happen but it will take some time after 2-3 years this will start and I think after 5 years nobody will buy cd/dvd/bd from shop..

  4. bebo says

    June 7, 2010 at 4:52 am

    CDs are not obsolete.

    The online technology existed before DVDs were in homes or marketed as a popular format for home systems. People were downloading movies when VHS was still the format at the local Blockbuster.

    The same people that purchased a tangible product will continue to do so no matter what the technology offers at any given time.

    Peaches and Turtles went out of business before CDs and DVDs existed. Businesses come and go. NetFlix is doing well, however.

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