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.
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