In 2012 Users Will Stream Content More Than Watch DVDs

According to a new report from IHS Screen Digest, the number of films bought or rented online this year will grow by 135 percent in 2012 to 2.4 billion.  While this sounds great at first glance for film studios, consumers will only spend $1.72 billion to do so compared to the $11.1 billion they spent last year on DVDs and Blu-Rays.  This will break down as 57 percent of consumer movie consumption will be done online, but at only 12 percent of the spending.