For a long time Sony’s Sir Howard Stringer was depressed over the Blu-ray vs HD-DVD format war. Then he was happy when he won. Now he might frown again. Because Wal-Mart is scaling back its sale of low-cost DVDs and predictions are that consumers will buy fewer DVDs of TV shows. So Wall Street forecasts that DVD spending may decline 4%-5% this year after dropping 2% last year. According to Pali Capital analyst Richard Greenfield, “Unfortunately the key Hollywood studios waited (or rather fought) far too long to unify behind one next generation DVD format (Blu-ray has now won) leading to even greater catalog DVD declines in 2008.”
Subscribe to Deadline Breaking News Alerts and keep your inbox happy.