The boss of HMV has said more shoppers are buying physical movies and TV shows again despite the recent streaming boom.
Blu-ray and DVD sales are back in growth after significant decline in recent years, sparked by the rise of streaming platforms such as Netflix and Disney+.
Phil Halliday, managing director of HMV, said the retailer is “good health”, with all its core product areas back in growth despite a challenging consumer backdrop.
He said the recovery of its “physical visual” business has been a particular highlight, with collectors helping to support increased sales.
Mr Halliday added that the category has grown as households have witnessed an increase in the number of streaming services, uncertainty over which shows or films are on certain platforms, and rises in the price of many subscriptions.
DVD and Blu-Ray sales up despite streaming boom, says HMV boss
Submitted 4 months ago by Emperor@feddit.uk to homevideo@feddit.uk
https://www.itv.com/news/2024-07-21/dvd-and-blu-ray-sales-up-despite-streaming-boom-says-hmv-boss
Petter1@lemm.ee 4 months ago
People want to own