26May/11Off
Analyst: Consumers Prefer Movie Rentals to Purchase, Theatrical
Consumers continue to migrate toward less expensive options for home entertainment, including subscription video-on-demand (streaming), kiosks and by-mail, and away from sellthrough (physical and electronic) and movie theaters, according to a new report.
Michael Pachter, analyst with Los Angeles-based investment firm Wedbush Securities, issued the conclusions in a May 24 research note compiled from a sanctioned survey of 2,500 qualified U.S. consumers in April.
See the full story here