The rental of DVDs and Blu-rays will continue to fall sharply over the next five years as consumers migrate to online platforms and pay-TV, a new report predicts.
The Australian pay-TV sector is projected to post $5.3 billion in revenues and $565.5 million in profits in 2013-2014.
Australia’s film and home entertainment distributors face years of declining revenues and profits, according to a new report.
Australian home entertainment distributors have rejected a new report which forecasts the demise of online purchases of DVDs and Blu-rays as well as CDs.
Film, TV and home entertainment distribution revenues in Australia are projected to fall by 3.1% to $2 billion in 2013-2014 due to the continuing decline in DVD and Blu-ray sales.
Australia's film and home entertainment distributors face years of declining revenues and profits due to piracy, downloads and plummeting DVD and Blu-ray sales.
The video game and recorded music retailing sector has emerged from a five-year decline and is on course for steady growth from digital downloads and a shortening of the piracy window.
Australian cinemas face a small but steady decline in revenues over the next five years due to piracy, streaming services, digital and pay TV, according to a new report.