Why does the DVD still exist?

NS Tiger King 2 Enchanting and horrifying viewers and some fans Star Trek: Discovery Lamenting the idea of ​​having to take another streaming service subscription, it’s a shame that once-hot video technology is now more likely to be a makeshift coaster for coffee. DVD used to be the future, but now it’s difficult to shift.

At the height of the DVD boom, in 2005, Americans spent $ 16.3 billion on things. That’s $ 55.50 for all adults and children in the country, more than former President Donald Trump spent on the failed border wall. Today, eBay buyers aren’t interested in getting them out of your hands, and second-hand retailers are basically paying nothing for the HD version of classic movies.

Ultra HD Blu-ray discs weren’t a problem until 2015, only four years before the inventor Samsung decided to discontinue the hardware to play them. So what is the legacy of the DVD Revolution?

According to market research firm Omdia, the total number of physical video transactions made worldwide decreased from 6.1 billion in 2011 to 1.2 billion in 2021. Only 300 million DVDs are expected to be sold worldwide this year, down from an average of 2 billion each year from 2005 to 2009. .. Also, as the demand for DVDs plummets, video streaming is increasing instead. Subscriptions to services like Netflix have grown from 39 million worldwide in 2011 to 1.2 billion today, almost swallowing the entire DVD industry. Most, but not perfect.

“We have a solid cohort of consumers who are crazy about DVDs,” says Lisberts, CEO of the UK Screen Entertainment Association, an industry group. “That’s exactly what they want.” In the UK in 2020, 7 million people were still buying disc-based TV shows and movies. David J, President of Technicolor Home Entertainment Services. According to Holliday, 5 million Americans first purchased a movie between April and June 2021, producing over 80% of all disc-based formats, from DVD to Blu-ray. Did. For video games.

According to Omdia, DVD purchases make up 7% of the global home entertainment market and digital video makes up 70% of the industry. This is a story of two trajectories. According to the Motion Picture Association of America (MPAA) in the United States, the value of the digital home entertainment market rose 33% between 2019 and 2020, while physical sales fell 26%. Internationally, the $ 35 billion digital video market is ten times larger than the $ 3.5 billion physical video industry. Holiday says the market is declining. “But in recent years, especially since the outbreak of the pandemic, the decline rate has declined.” Surprisingly, given the changing role in the entertainment world, the majority of DVD purchases are new movies and collector’s editions. It is believed that the proportion of the box set is small.

Why does the DVD still exist?

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