“Annual consumer spending on Internet downloads of movies and TV shows will top $4 billion in 2011, up from just $111 million last year, according to a study released on Wednesday by Adams Media Research,” Reuters reports.
“‘The Internet is going to revolutionize the distribution of video,’ says Adams Media Research President Tom Adams,” Reuters reports.
“The growth will be fueled by the introduction of hardware devices such as Apple TV, a $299 box that converts videos downloaded from the Internet into signals that can be played on high-definition television set,” Reuters reports.
Reuters reports, “The market researcher forecasts that sales of video downloads will total $472 million in 2007, $1.2 billion in 2008, $2 billion in 2009, $3.1 billion in 2010, then hit $4.1 billion in 2011.”
Full article here.
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Damn!!! I need my Apple TV to go with my 61″ JVC 1080p.
It would twice that if they offered better resolution and no DRM.
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Couldn’t help it. I just bought the Apple TV. Would you believe it, they could not tell me when it will ship. Damn…double damn:-(