DVDs are outselling videocasettes for the first time

A story from The Hollywood Reporter in Yahoo News says that DVDs have outsold videocassettes for the first time. A lot of these sales came from studio library titles and not from new sales—good news for anyone looking for their favourite movies to be released on DVD one day.

Sales of DVDs helped push overall revenue for the home video industry up from $13.9 billion in 2000 to $16.8 billion in 2001, topping last year’s theatrical receipts of about $8.1 billion, according to the group.
I had no idea that video sales were such a cash cow for the studios. No wonder we have 3 different DVDs for American Pie and 4 separate versions for Army Of Darkness!

Posted in Technology at 8:51 PM