Citigroup analyst Jason Bazinet figures that wholesale DVD revenue worldwide, for theatrical releases only, came in at $25 billion in 2006, dropped to $23.1 billion last year and will further decline to $21.4 billion this year.
"The industry appears to be lowering pricing to keep demand aloft," he said in his recent 2008 studio forecast.
"The industry appears to be lowering pricing to keep demand aloft," he said in his recent 2008 studio forecast.
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