Q1 2009 video results: the good, the bad, and the ugly
Summary.... Shipments of new-release feature films on video to the rental and retail markets were not down nearly as much as consumer spending in the first quarter. Five of the top films shipped in the last week of March so their sales were not fully reflected in the consumer data. Video comps for the quarter were still down, however, even though the slate had 22% more box office power than last year. That suggests recent strong box-office performance won't translate into soaring video sales later this year.