MFDigital CD DVD Information Library
Monday, July 21, 2008
Blu-ray year-to-June sales up 300% over 2007
In the first six months of this year, consumer purchasing of DVD and Blu-ray discs generated $10.1 billion in sales combined, which remains unchanged over the same 2007 period despite the hard economic times the movie industry is bracing for. The studios give credit to the growing sales of Blu-ray for keeping up the overall sales, with $200 million worth of Blu-ray movie sales in the first 6 months of the year, up 300% over the same period in 2007, according to this Video Business report.
According to 20th Century Fox's president Mike Dunn, Blu-ray sales now accounts for 8% of its overall movie sales. The studio expects this figure to reach between 10% and 12% by the end of the year. He also mentioned that retailers have widened their movie retail space by 5% to cater for Blu-ray discs, without cutting back on their existing DVD retail space either. The Sony president, David Bishop also commented on the growing Blu-ray sections in major retail stores.
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