Is the funeral bell tolling for the DVD business? Apparently so, if you believe the latest study from In-Stat, as reported by CNET. They don't talk about funeral bells, of course - just note that the video-streaming and download business is rising sharply, while there's a corresponding decline in DVD sales.
Oh, technology, you've done it again! And - dare I predict it - something will be coming along in the not-too-far-distant-future that will supplant streaming video and video downloads. Which will cut into the business done today by, say, Netflix. Which means Netflix and similar companies will have to change and adapt in order to stay alive.
It's how technogy and business function, folks. Videotape came along and became the centerpiece of our video lives until DVD technology surpassed it. DVDs were cleaner and brighter and fabulous until Blu-ray came along. And now streams and downloads are supplanting the physical technology, and DVDs in particular are feeling the pain. It's technological evolution. The only constant is change.
Hat tip: Shelly Palmer