With an overview of today's trends in the movie industry Lionsgate expects a record DVD revenue of $560 million over 2008. The 2.5% industry DVD sales decline in 2007 was blamed on the product mix as opposed to economic downturns. Furthermore, the company expects the high-def war to be over this summer.
Lionsgate's president Steve Beeks announced that he expects the industry to 'unite behind Blu-ray' this summer. If this happens it is expected that the HD market triples in size from $300 million in 2007, to $1 billion in 2008.
Overall we can say that 2008 will be a good year for the studio's, will 2008 be the same for the consumer?
