Previously: Music for Movies, Expert Tips, Part II of II
Blockbuster Trends
At its peak in 2004, Blockbuster had 9000 stores worldwide. All but 50 of the remaining 350 stores will close by next year. 2004 was a peak year for DVD revenues — close to $30 billion globally. In 2014 it’ll be less than $16 billion and falling fast — certainly VoD has yet to make up the difference. Our investor projections — culled from disparate sources — predict worldwide VoD sales hitting $40 billion by 2024, with DVD (Blu-ray, Ultra HD, etc.) still alive but shrunk to maybe $2-3 billion. Who knows…ten years is a long time, but for sure VoD will have long eclipsed DVD. This is good news for indie filmmakers for the simple reason that those 9,000 Blockbuster stores had limited shelf space, with very little reserved for independent titles. Whereas VoD platforms have, essentially, unlimited shelf space. Meaning more — even most — indie films will