Nowadays, people watch movies on their phones or televisions instead of buying a DVD. The graph compares the revenue from DVD sales with the total revenue from video streaming between 2010 and 2019. The graph shows that DVD revenue decreased, while streaming revenue increased. This is because people do not want to go out and buy discs.
In the year 2010, DVD revenue was $16,000 million while streaming revenue was only about $4,000 million. After that, DVD revenue fell each year. It dropped to about $12,000 million in 2012 and to about $8,000 million in 2014. By 2019, DVD revenue was about $5,000 million. In contrast, streaming revenue rose steadily from $4,000 million in 2010 to about $8,000 million in 2014. In 2014, the two lines crossed, so both DVD revenue and streaming revenue were the same, at about $8,000 million. After that, streaming revenue grew quickly and reached about $16,000 million in 2019, which was four times higher than streaming revenue in 2010.
There are several reasons for this trend. Firstly, internet speeds became faster, and more people owned smartphones and smart TVs, so people did not want to leave the comfort of their homes. Therefore, streaming became the option. Secondly, streaming was more convenient because viewers could watch at any time without going to a shop. Moreover, a monthly subscription was usually cheaper than buying many DVDs. As a result, more consumers changed to streaming. This is why 2014 is an important year, because 2014 was the turning point when streaming became more profitable than DVDs.
In conclusion, the graph clearly shows that DVD revenue declined while video streaming revenue grew from 2010 to 2019. Technology, convenience, and price were the reasons for this change. If this trend continues, DVDs may disappear in the future.