Given the convenience of digital media, the Motion Picture Association of America (MPAA) noted in a report that the physical media sales have been consistently decreasing for the past five years while the digital spending has been booming.
According to the data presented in the MPAA report, the global digital spending increased by 170 percent since 2014 while the physical spending has decreased by 48 percent which reflected the shift toward digital viewing choices.
By 2018, digital spending has reached $42.6 billion globally from $15.7 billion in 2014.
Meanwhile, global spending on physical media such as DVDs and Blu-rays dropped to $13.1 billion in 2018 from $25.2 billion in 2014.
After Oppo pulled out of the Blu-ray hardware market in April 2018, it can be remembered that Samsung announced plans to exit the market as well in February this year.
(Photo source: techspot.com/ mpaa.org)