Entertainment media sales going down

While last quarter's media sales were still up, the NPD Group is expecting US consumers to spend less on entertainment this year compared to 2007, mainly because of the recession. Although the recession in 2001 didn't cause any decrease in revenue, it was in the time of the relatively new DVD format and new gaming systems like the PlayStation 2.

This year doesn't have high flyers like these, although the HD-DVD failure may help the overall HD disc sales. Afterall, consumers don't like two formats and are now sure they're not buying something that will be useless in a year or two.

The NPD research shows 37% was anticipating to spent less on entertainment, while only 18% expected to spent more. It is however, just based on a survey. People don't do the same things as they say or even think. You may even question how much they really know about what they spent. I could answer a question about my spending on DVDs last year and what I'm expecting this year, but you won't get any scientific conclusions from it.

So far for my little rant.