As moviegoing gets more popular, DVD watching declines
Poor Hollywood. The major film studios are enjoying one of their best years in memory with box office up 15 per cent—a trend that many relate to the public trying to escape the pressures of the slumping economy. But now it seems that DVD sales—a big part of their profits in recent years—have dropped off by at least that much. What really has film executives panicked however, is they no longer can predict which films will do well on DVD, with some box office blockbusters turning into dogs down at the video store.