DVDs Are Popular, New Movies Less
Consumers are buying more DVDs this year—but are also buying fewer fresh movie titles. That's what the folks at NPD's VideoWatch are saying. Sales of new DVDs rose seven percent during the first quarter of 2006. However, only nine percent of consumers said they intended to buy DVDs of movies running in theaters during the first five months of 2006, down from 11 percent in the same period of 2005. Maybe Hollywood needs to make better films. Overall, says NPD, for the year ending in April 2006: "47 percent of all videos were rented, 30 percent were purchased from a store, 15 percent were from subscription services, eight percent from pay-per-view (PPV) or video-on-demand (VOD) services and one percent was downloaded directly from the Web."
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