18/01/17 - Film and TV ​streaming and downloads overtake DVD sales for first time

https://www.theguardian.com/media/2017/jan/05/film-and-tv-streaming-and-downloads-overtake-dvd-sales-for-first-time-netflix-amazon-uk

Digital video revenue has risen by almost 23% (to 1.3bn) in the uk. Sites such as Netflix and Amazon Prime has helped against the decline in purchasing content caused by illegal downloads.

'“We’ve seen an explosion of technology that has allowed people to consume entertainment in different ways,” said Kim Bayley, chief executive of the Entertainment Retailers Association, which compiles the annual figures.'

O The digital boost came as high street sales of DVDs and Blu-ray discs fell 17% to £894m

O This is the first time it has fallen below the £1bn mark.
O the physical rental market fell 21% to just £49m.
O The rise in popularity of paying for TV content helped power total UK revenue from music, TV shows, films and video games to a record £6.3bn last year.
O Total revenue from physical and digital sales rose 2.2% to £2.25bn

I think that streaming services such as Netflix have now become a fundamental part of product revenue, they offer a more appealing way to consume content of their choice without paying for each individual product. The payments are student friendly, and there is a large variety of content to suit almost everyones tastes, not including exclusives. Netflix exclusives in particular have been increasingly trending and should a popular tv show be cancelled it is almost always suggested that Netflix should take it over and continue with it. There is also more certainty of the quality of the content, there aren't going to be camera recordings of a cinema on Netflix and a long period of time waiting for something that may not even be good quality or functioning to download. However at this rate they may take over tradition TV channels.