DVD is still the most popular format, according to this data, regardless of the reported slashes in Blu-ray prices."Entertainment Trends in America" says 41 percent of dollars budgeted for movies and video are spent on DVD purchases.Any chance this is related to the 33 percent of consumers who rip DVDs with best dvd ripper.
Also, 11 percent of the budgeted money was spent on TV programs on DVD and 29 percent on DVD rentals, including Netflix and other subscription services).
Just 0.5 percent of U.S. consumers' movie budget is currently spent downloading movies and TV shows off the Web, NPD says."Everyone is guessing when video on demand and digital downloads will spell the end for packaged media," said NPD senior industry analyst Russ Crupnick, who presented the data at the DisplaySearch HDTV 2008 Conference in Hollywood, Calif."
At this point, though, digital video is still an extremely small part of overall consumer entertainment spending."Just two percent of the survey respondents said they have paid for a digital video download the past three months. Sixty-seven percent of respondents said they watched a DVD they owned."A growing number of Americans are going to YouTube and other sites for streaming video, but when it comes to paying for video content, they're still focused on DVDs," Crupnick said."Though the near-term talk of a digital revolution is probably overblown, as we've seen previously in the music industry, new content delivery sources can quickly take root among consumers."
That's why many home video companies are aggressively pursuing digital strategies, because the inflection point will come — it's just not coming tomorrow."
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