Analyst: DVD Rental Is Not in a State of Permanent Decline
The following is an excerpt from a report compiled by Michael Pachter of Wedbush Securities.
Movie Rental Industry
Key Redbox releases this year (with domestic box office total in millions from www.boxofficemojo.com):
o 9/3: Now You See Me ($117), Oblivion ($89), The Place Beyond the Pines ($21)
o 9/10: Star Trek Into Darkness ($229), Peeples ($9)
Key Redbox releases last year (with domestic box office total in millions from www.boxofficemojo.com):
o 9/4: Dr. Seuss’ The Lorax ($214), Safe ($17)
o 9/11: What to Expect When You’re Expecting ($41)
Over the next two weeks, there are three rental releases that grossed over $50 million in domestic box office compared to one last year. DVD rentals for the upcoming two-week period should outperform the same period last year, as this year’s DVD releases grossed more than last year’s at the box office.