Ben Reid
8 Apr 2007 0:25
DVD rentals and sales have been patchy this year and John Marmaduke, CEO of Hastings Entertainment, believes that the increase in holiday sales of High-Definition televisions maybe causing consumers to stay at home and watch the growing number of HD channels -- rather than go out and rent / buy a DVD.
He reckons that instead of renting high-def DVD's to watch on their HDTV's, consumers are tuning into 24-hour HD networks such as HDNet, Discovery HD Theater and INHD because the format war between Blu-Ray and HD DVD is scaring people away. "I think the industry is being punished for no unanimity with high-def,” he said. “Anecdotally, I’m hearing a lot talking about all the high-def channels they’re discovering."
Source:
TV Predictions