The popularity of internet film streaming will see this service overtake physical videos for the first time this year, according to a new report.
The research from? IHS Screen Digest says U.S. consumers will pay more for online films than they will for physical discs this year.
It also predicts that there will be 3.4 billion views via the internet compared with only 2.4 billion for physical videos.
Dan Cryan, a senior analyst at IHS, said: ?After more than 30 years of buying and renting movies on tapes and discs, this year marks the tipping point.
?U.S. consumers now are making a historic switch to Internet-based consumption, setting the stage for a worldwide migration of consumption from physical to online.
?We are looking at the beginning of the end of the age of movies on physical media like DVD and Blu-ray. But the transition is likely to take time: almost nine years after the launch of the iTunes Store, CDs are still a vital part of the music business.?
The huge rise in viewings via the internet has been down to subscription services such as Netflix and Amazon Prime, which offer customers unlimited on-demand movies for a flat monthly or annual fee.
Services such as Netflix are built into many games consoles and into new internet-connected flatscreen TVs.
Subsciptions accounted for 94 percent of all paid online movie consumption in the United States.
Source: Mail Online
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