Sony cuts jobs due to dwindling DVD sales

Further indications of the declining DVD market have been shown by Sony Pictures USA who have announced that they will be cutting 450 jobs partly due to a change in people's DVD buying habits.?? Although Blu-Ray sales have been steadily rising, the LA Times reports that combined DVD and Blu-Ray sales declined by more than 13% last year.?? This is most likely due to the following factors:

  • Consumer uncertainty: Many consumers are unsure of whether to continue purchasing DVDs or to move to Blu-Ray
  • DVD Rentals: Rather than invest dying format many are choosing to rent films as an alternative
  • Online downloads: Again, another alternative (both legal and illegal) method to purchasing DVDs
Advertisements
This entry was posted in Uncategorized and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s