Consumer Spending From the New York Times:
Probably the best thing about last week’s dreary annual summary of home entertainment revenue from the Digital Entertainment Group, an industrywide consortium of technology and entertainment companies, is that the numbers weren’t adjusted for inflation. That made the six-year tumble in cumulative spending on DVDs and other forms of home entertainment look only about half as bad as it really was.
In the peak year of 2004, according to the group, consumers spent about $21.8 billion to rent and buy DVDs, Blu-ray discs, digital downloads and other forms of home entertainment.
Under pressure from piracy, competing entertainment and economic weakness, the number has fallen every year since, for a total drop of about 13.8 percent, to $18.8 billion in 2010.
Read the full story here.