Digital technology the cause of DVD market decline, not piracy
Figures released by the Australian Home Entertainment Distributors Association show that the market for digital film and television sales in Australia grew 22.4% last financial year to $143.67 million. It is estimated that digital sales now account for 15% of the market, up from a reported 10% in 2012. The rise in digital sales has been accompanied by a steady decline in the sale of DVD, Blu-Ray and other physical formats, which peaked in 2007-08 with 98.8 units sold. The number in 2012-13 was 63.6 million units. Amazingly however, in Melbourne’s The Age newspaper this morning, Karl Quinn asserts that these figures represent a glimmer of hope for the declining home entertainment industry, which is apparently besieged by piracy. As argued yesterday, clearly there is a very significant technological shift occurring and the Australian market is playing catch up with consumers. Piracy is one effect of this, the other is consumers purchasing content online. T...