The article focuses on the recent huge decline in physical DVD sales and as such a huge increase in streaming, digital sales. Streaming services such as Netflix and Amazon have seen a huge boost in subscription numbers. The music, video and games industry has recently seen a greater investment in its digital and on demand services as it shows that the way people consume digital media is rapidly evolving.
- The rise in popularity of paying for TV content helped power total UK revenue from music, TV shows, films and video games to a record £6.3bn last year.
- Total revenues from digital video – which includes services such as Apple’s iTunes as well as Sky’s store and Now TV – surged almost 23% to £1.3bn last year.
- The digital boost came as high street sales of DVDs and Blu-ray discs fell 17% to £894m.
- The once mighty physical rental market fell 21% to just £49m.
Personally, I think this is evidently the start of the fall of the Television industry. Significantly, people no longer want to have to wait a whole week for a new episode and would much rather partake in this social culture of binge watching. People now a days need to have what they want immediately, which can be argued is a bad thing as it makes society greedy in a way. This is something that I also experience personally in terms of a Netflix show, that although it was streaming online, new episodes were being released once a week and therefore put me off from watching the show.
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