: DVD launched
: DIVX - 'pay as you view' encrypted DVD launched
: DVD sales pass VCR sales; 40+ million U.S. homes have DVD.
: Nearly 21,000 DVD titles in circulation in US, 7,000 introduced this year.
: more DVDs than videotapes are rented in the U.S.
: DVD-R-RW widely available
Comment submitted by Colin
Screen Digest estimates that 45% of UK TV households had a DVD player by the end of 2003. In the US, DVD sales now account for around half of the total domestic income of the major studios. The overwhelming success of DVDs is shaking up long established film industry business models. The American Film Marketing Association reckons that DVD sales are now more important than box office for 8 or 9 out of 10 movies. As a result, studios are reducing the gap between films being available for rental and for sale to 2 or 3 weeks, threatening the video/dvd rental industry. Which is good news for anyone who's ever gone to Blockbuster and been confronted with 56 copies of Pearl Harbor, some 4ft high bags of Doritos and not a lot else.