The video entertainment industry has slowly adapted to media distribution technology innovations over the years, including reluctantly acknowledging the invention of the home Video Cassette Recorder (VCR) and Digital Video Disc (DVD) recorder. Now, as internet-based video streaming services and on-demand viewing of TV and movies has a growing impact on traditional revenue streams, the legacy media industry must adapt once again, according to the latest market study by In-Stat . In-Stat believes that identifying the successful new services, licensing models, and associated business models will require continual trial and error by the big-media content producers and pay-TV distribution companies -- with no apparent certainty of success. "The decline of retail video disc sales, coupled with on-demand viewing of TV content and the threat of video cord cutting, points to enormous changes ahead for the video entertainment industry," says Keith Nissen, Industry Analyst at In-...
TMT Market Research and Analysis