The Playstation Store can be accessed from the PS3 gaming console According to an analyst at Lehman Brothers, one of the largest investment firms in the world, the video entertainment industry will soon fall victim to the digital age much like the music industry. Anthony DiClemente said that, "Shifts from physical to digital will disrupt the marginal economics of the TV and movie businesses, just as it did for music.” "To date, we have argued that until a capable video distribution player device finds a ... Read More

Apple has just made history by surpassing Wal-Mart to become the United States’ No. 1 music store. It marks the first time in history that a seller of digital downloads has beaten a big CD retailer. According to market research firm NPD Group, Apple sold more albums in January and February than any other U.S. retailer. The NPD Group said that Apple probably received a sales boost during the two months when people started cashing in the iTunes gift cards (a $20 sample is pictured ... Read More

It’s amazing that the HD DVD format is now on its way out – and yet the CD is still holding its own against online distributors. Or is it? According to the market researchers of NPD Group, consumers in the United States spent 10% less on music last year. Most of it is attributable to the declining sales of compact discs and an increase in digital sales online (thanks to iTunes). NPD also reports that CD sales fell by 19% in 2007, ... Read More