Streaming video cannibalizing DVD rentals, says Netflix
Interesting fact. I think it’s a bit dramatic and kinda jumps to conclusions, but I do agree that having the online streaming option has to help. But they need newer titles for it to be an accurate statement IMO.
Those who make use of Netflix’s ever-popular "Watch Instantly"
streaming service rent fewer DVDs than the rest of the population, a
Netflix executive revealed during the company’s quarterly earnings call
on Monday. The phenomenon reinforces the fact that online offerings
really do compete with physical media for the same pieces of the movie
pie, and that could prove worrisome for Blu-ray as online video
continues to grow in popularity.