Answer:
DVD sales have been on the decline for over a decade, but a slew of new streaming services and a shift in how consumers are watching movies and TV shows could be the final death knell for the technology.
The same can be said for Blu-Ray discs.
At its peak, DVD sales reached $16.3 billion and were 64% of the U.S. home video market. That was 2005. These days, DVD sales account for less than 10% of the total market, with total sales hitting $2.2 billion in 2018.
Blu-Ray discs, which have always been slightly more expensive than DVDs, launched in 2006. At most, Blu-Ray sales reached $2.37 billion in 2013, before falling to $1.8 billion in 2018. It’s likely that Blu-Ray sales fractionally impacted the decline of DVD sales, but the fact that DVD sales still outpace Blu-Ray sales shows it’s not the real culprit.
Instead, a combination of the Great Recession, a rise in customers buying on-demand and digital copies of films and the launch of streaming services is what has caused DVD sales to decline more than 86% in the last 13 years.
Step-by-step explanation: