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Home video spending still strong, $194 million spent on Blu-ray in 2008

Darren Murph

Slumping economy? Recession? Poppycock. Based on sales of home media, America's financial engine is humming along just fine, with consumers plunking down 1.6% more on DVD / Blu-ray purchases and rentals combined than they did in the first half of 2007. Granted, some may suggest that home entertainment is seeing an increase as more lavish alternatives (going out for a movie, taking a vacation, etc.) are utilized less frequently, but whatever the case, this sector is sure benefiting. Focusing on HDM, we're hearing that $194 million has been spent on Blu-ray Disc thus far in 2008, which is up some 350% from $43 million in 1H 2007. Amazing what a format war conclusion will do for numbers, huh?

[Image courtesy of Syracuse, thanks Joel]

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