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Tuesday, 10 May 2011

The Prize

Fascinating article in The Observer this Sunday, which contains powerful evidence of the impact the Internet is having on film distribution In the US. Last year there was an eye-watering 20% fall in DVD sales, largely due to increased competition from streaming and downloads. This is the emerging market that Amazon and Tesco recently grabbed a big piece of in the UK, when they bought out Lovefilm and Blinkbox respectively.

The article also reveals that for the first time in over 20 years the proportion of US homes that own a TV has also fallen. OK, we are talking about a tiny drop, from 99% to 97% but could this mark the beginning of the end for traditional TV?