Andre Yoskowitz
2 Jul 2009 16:30
The British Video Association has said today that despite a few recent good sellers such as Quantum of Solace, DVD revenue had fallen 14 percent with total sales volume falling 7.7 percent.
If the trend continues, the BVA says the UK will have its worst year for home video revenue since the 1980s.
Lavinia Carey, spokesperson for the BVA, adds that the high revenue drop can mainly be attributed to the recent bankruptcies of retailers Woolworths and Zavvi. “We’ve just seen 15 per cent of the retail market disappear,” says Carey, via Times Online.
Blu-ray was a bright spot in an otherwise dreary report, seeing a 231 percent increase in units sold. The BVA does add however that Blu-ray still only accounts for 3.1 million units sold, compared to 99.6 million for DVD (during the period).