Physical Home Entertainment Market Eroded by Netflix
A new report from IHS points to a correlation between Netflix’s launch in a market and a reduction in consumer spending on buying and renting movies and TV series on disc. Consumers spent $20.9 billion buying and renting movies and TV content in the U.S. in 2006, the report observes. By last year, total spending on this segment was down by 17 percent to $17.3 billion.
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