Sony Warns Demand For Blu-Ray Diminishing Faster Than Expected

Lucas123 (935744) writes "Sony has warned investors that it expects to take a hit on expected earnings (PDF), due in part to the fact that demand for Blu-ray Disc media is contracting faster than anticipated. In two weeks, Sony will announce its financial results. The company expects to post a net loss. Sony's warning is in line with other industry indicators, such as a report released earlier this year by Generator Research showed revenue from DVD and Blu-ray sales will likely decrease by 38% over the next four years. By comparison, online movie revenue is expected to grow 260% from $3.5 billion this year to $12.7 billion in 2018, the report states. Paul Gray, director of TV Electronics & Europe TV Research at market research firm DisplaySearch, said consumers are now accustomed to the instant availability of online media, and 'the idea of buying a physical copy seems quaint if you're under 25.'" Especially when those copies come with awful DRM.

Comments

Re:Contracting?

[webmistressrachel]

Physical media most definitely did not, does not fail. You sound like a shill for the cloud industry.

I'll leave everyone else to regail you with their tales of what media they use, but physical media most definitely is alive and kicking. When blank DVD's were a pound each, and hardly anywhere had them, seeing them in 100 packs in the main 24/7 supermarkets wasn't even a twinkle in my eye...

Roll forward 10 years, I look over at my media shelf... ASDA 100 DVD+R - about a tenner! If blank media were dead, nobody would be making it and nobody would be buying it, and ASDA wouldn't have it! Copyright Shill Begone!

Re:you missed some

[Stuarticus]

I'm aware of the fact that DAT was a pretty decent medium for its day, I'm saying live music does not require a backing a track and anyone singing to one isn't worth the ticket price.