DVD sales down 5.5% in '08

Daily Variety

DVD really started to show its age in 2008.

According to the Digital Entertainment Group, DVD sales slumped 9% last year, bringing overall homevideo spending down 5.5% to $22.4 billion. The DVD decline is greater than recent industry forecasts: Late-year tallies by vid analysts showed sales of the older disc format lagging 5% to 7%.

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