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07-29-2012, 03:40 PM #1
Hollywood extends slow turnaround in home video sales
LOS ANGELES (Reuters) - Hollywood studios continue to see a slow turnaround in home video sales after a seven-year decline, as consumers increase the numbers of movies and TV shows they stream online and buy more high-definition Blu-ray discs as DVDs fall from favor. The Digital Entertainment Group, a trade group whose members include studios and electronics companies in the video business, is scheduled to announce on Sunday that U.S. consumers spent $3.96 billion to buy or rent TV movies and TV shows in the second quarter this year, a scant 0.3 percent more than a year earlier. ...