Bad news for studios hoping that Blu-ray will turbocharge the ailing disc business: While Blu-ray sales are growing fast, they aren’t making up for the huge drop in DVD sales. Digital distribution is helping, though.
U.S. Blu-ray sales grew 105% year-over-year in Q1 to reach $230 million. But that’s not enough to offset the drop in DVD sales, which fell 14%, or $470 million, to $2.89 billion. Digital distribution — sales via Apple’s iTunes, etc. — grew 19% to $487 million.
Follow the Chart Of The Day on Twitter: www.twitter.com/chartoftheday
Get This Delivered To Your Inbox
You can get this dropped in your inbox every afternoon as The Chart Of The Day. It’s a simple. It’s convenient. It’s free. All we need is your email address (though we’d love your name and state, too, if you’re willing to share it). Sign up below!
Business Insider Emails & Alerts
Site highlights each day to your inbox.