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Tough Economic Times May Boost Home Entertainment

Posted by Dave Cowl on June 6, 2008 
Filed Under: Format War, Retailers



Over at Video Business we see an article that predicts that tough economic times will increase spending in home entertainment.

It seems that higher gas and utility prices will have a negative impact on leisure travel, clothing and shoes.

Perhaps the ‘stay at home’ approach benefits home entertainment sales – according to NPD, about 46% of DVD buyers said in March that they wouldn’t change their spending on consumer entertainment, while 18% said they would boost spending, according to a separate NPD poll.

In last month’s NPD poll, 63% of the consumers surveyed said they’d take a closer look at retail promotions such as sales, discounts and membership programs, up from 58% in April.

Related posts:

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  2. Home Theater Installer Group Prefers Blu-ray
  3. Blu-ray Backers Launch Promotional Campaign
  4. NPD Says Intent-to-Buy Blu-ray Grows
  5. New Sim2 HD Format “Better than Blu” 2 Little 2 Late?

Comments

5 Responses to “Tough Economic Times May Boost Home Entertainment”

  1. Mehar Gill on June 6th, 2008 2:02 pm

    Ahh I heard about this on MSNBC a while ago as well.

    I don’t think this will give Blu Ray a huge advantage, since this also factors in DVDs, CD’s, Games, etc.

  2. Dave Cowl on June 6th, 2008 3:01 pm

    Certainly Blu-ray being the ‘high end’ of home entertainment won’t help…

    We shall see I guess…

    There was another article that pointed out BD being ranked 6th in the ‘desirable tech toys’ list, with more than 10% of the ‘vote’…

    Products that ranked above BD players, in descending order, are Windows laptops/desktops, HD TVs, next generation game consoles and Internet-enabled cell phones.

  3. Ryan on June 6th, 2008 3:38 pm

    Dave –

    I’m glad that HDTVs were more ‘desirable tech toy’ than BD! It be disappointing if general consumers had it the other way around. Also, it would make a lot of people wonder what the big deal is. Ex: “All this extra cost for a PiP commentary and a webgame?” Then again, I guess even if you didn’t have a HDTV but had a great audio set up, the lossless audio formats may be enough to justify the purchase…

    Also, good point about Blu-Ray being the ‘high-end’ of home entertainment, hopefully the BDA has some good deals planned for Black Friday and the holiday season!

  4. Belard on June 7th, 2008 12:00 pm

    Well… without the HDTV, the advantages of BluRay or new console is not as high… even thou they’ll work with SD-TV (Other than the cheap $300 BluRay player which only has a single HDMI port for video).

    But the articles about “staying home” are true. While the oil companies get rich, they are hurting other companies. The Auto industry – especially in the USA, deserve getting kicked in the balls with these huge SUVs. Now I admit I had a ford explorer until a few fears ago… I did buy it haul stuff (which I did) and to transport my bike. My sports car doesn’t do these things, but I get 12+ mpg over the truck. Gee, just think – about 5 years ago da president was saying “Americans should go buy the biggest SUVs they want – or the terrorist will win”.

    Even with my car, I have reduced my driving… I am going out less. Lucky for me, there is a DLP Theater 2 miles aways, but $9 a ticket? Too bad much of the USA is built to be spread out. In other countrys, stores for food and such are within walking or biking distance.

  5. Ryan on June 8th, 2008 10:25 am

    “In other countrys, stores for food and such are within walking or biking distance.”

    Also a reason why other countries don’t suffer from such a high percentage of obesity, but I digress…

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