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Summary:

Since 2005, when Apple re-invented the music business by offering music downloads, much of the industry followed suit. Most attempts, if not all of them, failed. When it comes to mobile apps and digital movie downloads, history is repeating itself. But unlike music, there are no […]

Since 2005, when Apple re-invented the music business by offering music downloads, much of the industry followed suit. Most attempts, if not all of them, failed. When it comes to mobile apps and digital movie downloads, history is repeating itself. But unlike music, there are no clear winners yet, though Netflix, Amazon and Apple are all vying for the top spot. Today, Variety reports, electronics retail chain Best Buy will join the pack with plans to launch its own digital download service.

Best Buy is said to be talking with companies such as CinemaNow to help run this service. My advice to them is to buy an existing player and get to the market fast — otherwise they’re likely to lose out to Netflix, which is currently the best-positioned to succeed with digital downloading. They’ve got lots of players from which to choose — Vudu and Jaman are the first to come to mind. And Best Buy does have a habit of buying distressed assets, most notably Napster, which it acquired in a move to get into the digital music download business.

Best Buy, like Blockbuster and other companies that have profited handsomely from the sale of DVDs, face a difficult future. Sales of the shiny discs have started to lose steam and the new Blu-ray ecosystem has been hampered by the global recession. But most importantly, consumer habits are starting to shift to consuming video online.

  1. Not surprising they are trying to get in on the action. Look at Wal-Mart when they started their music download section. Big chains will keep trying to accomidate and give people whatever ti is they are buying at the moment.

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  2. Good, thanks for the information.

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  3. Youtube should destroy, Netflix, blockbuster, Amazon and Apple, in the download space; Thanks to their new content class system.

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  4. @Neno

    We shall see on that :-) I am betting on Netflix for high quality streaming :-)

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  5. @Om

    It’s a deal, we shall have a sportsmans bet :0)

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  6. @neno

    perfect… if you win, i buy you a movie of choice from your service. if you lose, well you send me good wishes

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  7. What is the appetite for watching 30 minute shows and 90 minute movies online?

    Is the last-10ft problem more of an issue for movies?

    DVD seems to still dominate movies. I wonder what is the tipping point for movie watching online?

    Do people even want to own movies digitally? is renting them enough?

    I’d vote for HD streaming too, through my XBOX onto the TV.

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  8. Not surprising another mega store is trying to get in on the business. They catter to anything people are buying now so I’m surprised a huge company like Best Buy didn’t jump in earlier like Wal-Mart did for music downloads as an example. We’ll have to see how this turns out.

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  9. thank you
    for more

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