Even
I can even relate to this bizarre situation. Ever since setting up my home theater, I'm constantly on the lookout for deals on DVD movies. At first I was really happy with my collection, but much like the Tribbles on Star Trek, the population of discs at the house is getting out of hand!
I had
already noticed, almost subconciously, that my latest selections of new movie purchases had become a more difficult decision. In the back of my mind I would ask: "Is this really worth it, is this movie that good, Is this DVD " shelf-worthy"? I have to ask myself these questions, because the cabinet where I store the DVD's, is rapidly running out of space. Sure, I can get a bigger cabinet, but this only helps for a while.
Until now, I thought only I worried about such trivial matters, I never considered that this was a nationwide problem, thank goodness...I'm not alone!
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On Saturday, the 29-year-old studio musician was at Fry's Electronics, an airplane hangar-sized superstore in Burbank, considering whether to buy "The Adventures of Indiana Jones" boxed DVD set. Duquesne said he usually preferred to watch movies at home on his high-definition TV. But because he already owns some 500 titles, he said, he has been choosier about recent purchases. "I don't have any place to put them all," he said. "I won't buy anything that looks just halfway decent anymore." Mike Dunn, president of home entertainment for 20th Century Fox, said that kind of "consumer fatigue" was a cause for concern in the industry '” "that the heavy purchaser who buys 40 DVDs a year has run out of library space." For years, the DVD has been Hollywood's miracle worker, boosting profits and sometimes transforming apparent flops into moneymakers. But is the DVD bubble about to burst? The first shudder went through Hollywood when DreamWorks and Pixar Animation disclosed in recent weeks that they had piles of unsold DVDs for their respective releases, "Shrek 2" and "The Incredibles." |
MMMMmm Fry's! Let the discounting begin! Get those
movies moving. Somebody has to do something, because according to the LA Times, reports issued last week have indicated that consumer purchases of DVDs were slowing down. Due to this, heartless Wall Street analysts cut their earnings forecasts for stocks that are associated with major movie studios. Ouch!
This is amazing that the lack of consumer shelf space could affect the retail market. Although we know it isn't the only reason, at least at my house and the guy in the story, it's a factor. People that have a lot of movies have another problem to contend with as well: Keeping track of what they have in their library and I'm working on that one myself too. Twice, I've purchased a DVD's on an impulse, only to find out I had the darn thing already, so I had to return it.
Make sure to check out the entire article over at the LA Times, it's got a lot of interesting comments and stats.
Source: LA Times
