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Streaming Services Are Killing Off The DVD And Blu-Ray Industry

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DVDs may be headed for the same fate as VHS cassette tapes, as consumers change their viewing habits and binge on a variety of video streaming services. US consumers spent nearly $6 billion more on subscription services like Netflix and HBO Go last year than they did on DVD and Blu-ray. Sales of all physical formats of video — such as DVD and Blu-ray discs, DVD subscription services, and video kiosk rentals like RedBox — experienced a substantial decline in 2017. Interestingly, video-on-demand services also saw a 7% decline, underscoring the growth in "cord cutters" who are ditching their monthly cable plans for streaming options. Whether consumers are motivated by cost savings, ease-of-use or immediacy, it's clear that internet has emerged as America's favorite method for video distribution. http://www.businessinsider.com/more-m... http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com


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