The sun may be setting in the future for the traditional domain of entertainment – physical DVD sales and movie theaters! According to a study conducted by Price Waterhouse Coopers and published by Bloomberg, the sales from online streaming is about to exceed the sales from physical sales of DVD for the first time ever.
The study found that revenues from downloading and streaming are expected to jump 13% to $9.5 billion in 2015 as sales of DVD reduces to $7.8 billion. Concurrently, the study also found that streaming will become a $12 billion industry in 2017, exceeding the money spent going to the movie theaters. The uptrend in the delivery of entertainment by the internet is expected to continue in the future without relenting and at the expense of traditional entertainment mode.
According to Time, Netflix is leading the pack in the industry’s uptrend with its revenue soaring to 24% in the last quarterly financial report ending April, 2015 with 60 million subscribers around the world. The company’s stock is expected to bloom higher and would become the most sought after company for investors.
