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DVD facts and quotations
1. "Between January and mid-March this year, Americans spent $1.78 billion at the box office. But in the same period they spent $4.8 billion...to buy and rent DVD's and videocassettes."
2. "There's not a sector of the entertainment industry to which DVD is not a significant, if not the dominant, contributor of revenue..."
3. Nowadays "basically the movies are commercials for the DVDs."
4. "What no one knows is how long the windfall will last..."
5. "...in five years when you can download a movie as fast as a song, that will go away."
Here is the full story. Here is my earlier post on the boom in DVD revenue. Here is a related post on the decline of the audience for television programs. Here is an article on the future of Netflix.com. Here is an article on the new paper DVD, yes you read that correctly.
Posted by Tyler Cowen on April 22, 2004 at 07:34 AM in Film | Permalink
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