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Disc Sales Hard Hit Online

Lee Stewart
05-15-2009, 10:33 AM
Disc Sales Hard Hit Online

By Chris Tribbey | Posted: 14 May 2009
[email protected]

Online purchases of DVDs and Blu-ray Disc were among the hardest hit categories during the first quarter of 2009, with a 22% drop in overall consumer spending year-over-year, according to data released May 14 by Web research firm comScore.

“It’s pretty clear that consumer attitudes have changed … in terms of home entertainment,” said comScore Chairman Gian Fulgoni, during a presentation of first quarter online spending results.

The only category hit harder than music, movies and video during the three-month period was office supplies (down 28%), and while consumer spending overall was flat during the period — a positive sign after quarterly online spending growth was down 3% in the fourth quarter, the first year-over-year drop in online spending ever — there’s little sign of improvement in the coming months.

“My conclusion from this is that consumers still remain very, very cautious in this economic environment,” Fulgoni said. “I think we’ve bottomed out. … The good news, albeit small, is we’re looking flat.”

Some other interesting news for home entertainment came from the report: During the quarter, online consumer spending on music, movies and videos was 8% higher than spending on home media at traditional brick-and-mortar stores, and three quarters of consumers said they shop online before they ever buy anything at a physical retailer. Also, those online shoppers who view videos online have 20% more buying power than those who don’t, comScore reported.

The firm also shared statistics that showed 53% of respondents said they would curb their online spending for at least the next 12 months. Spending among those making less than $50,000 a year was down 10% year-over-year, while shoppers over the age of 45 making between $50,000-$100,000 spent 11% less.

“A dollar saved is a dollar not spent,” Fulgoni said. “They have the money to spend, but are choosing not to spend it.”

http://www.homemediamagazine.com/financial/disc-sales-hard-hit-online-15759

Kosty
05-15-2009, 11:38 AM
Amazon Blu-ray sales seem to be well up as well as from Best Buy.com so DVD sales must have been wiped.

anythingwt
05-15-2009, 11:49 AM
I know I spend a lot less on HD media nowadays.

The state of the economy has me much more conservative with my spending..

It's ok though, because I built up a pretty impressive collection during the war with all the BOGOs :D

TowerGrove
05-16-2009, 08:10 AM
Looks like all media sales have been hit hard recently:
http://www.videobusiness.com/article/CA6658588.html?desc=topstory

bruceames
05-16-2009, 08:23 AM
During the quarter, online consumer spending on music, movies and videos was 8% higher than spending on home (http://www.highdefforum.com/#) media at traditional brick-and-mortar stores...

This doesn't seem right, online sales are higher than B&Ms? :confused:

Kosty
05-16-2009, 08:28 AM
...maybe it was talking about their relative growth trends?

PrinceLH
05-17-2009, 05:54 PM
I'm at the point, that I don't want to pay full price for any title out there. I use Inetvideo for all of their cheap titles, wait for free shipping, instead of paying for that. If there is a Blu title that I want, I refuse to pay for it new off the rack. I now wait a month and buy previously viewed two for $30.00 at Blockbuster or Rogers, here in Canada. Walmart is also a place to get good deals on boxsets, from time to time, then I end up going to Best Buy and force them to pricematch and get the 10% difference and Best Buy points. I wouldn't feel that way, if they allowed their prices to fall in line with DVD prices, when new releases happen. I hate to see a price difference between $9 to $15 to have it on Blu Ray, compared to DVD. They do it to themselves with their greed (Casablanca, Gone With The Wind, Wizard Of Oz, etc.) with their collectors editions that are jacked up way too high so we can kill more trees with more expensive cardboard. FOX is another story, with their stripped down versions at a much higher price. Some people are just, should I say overzelous, by tolerating this and should demand better pricing.:2cents

PFC5
05-18-2009, 09:25 AM
I have not purchased a BD title since December myself. I have become much more patient about buying titles now and will wait for the cheaper prices myself. I also just have not seen any must buy titles yet which helps remain patient. ;)