VHS will be “virtually extinct” in the home video market by 2009 and high-definition optical disc sell-through revenue will exceed today’s total by nearly $1.5 billion by 2015, according to a new report from Kagan Research.
The report, “The State of Home Video (11th Edition),” forecasts that by 2015, “VHS will be history” and “high-definition DVD will be the major market shareholder with $18.3 billion in revenue.”
According to the report, home video revenue will drop in 2006 by .4 percent from last year’s level, reaching $24.1 billion. Rental revenue will decline 8.3 percent this year to $7.2 billion, and sell-through revenue will grow 3.4 percent because of the revenue from DVD sales that will hit $16.8 billion this year.
The report also finds:
For more information, visit: www.kagan.com/SHV-11.