Online movie sales to reach $3.6 bln in 2010

Informa Media and Telecoms predicts the value of internet film revenues (sales of both hardcopy and digital) to increase fourfold from 2002 to 2010, reaching $3.6 bln by 2010. The US will mop up most of the sales, racking up around 47% of all worldwide sales in 2010. In 2004, hard formats had a 99.3% of the market. By 2010, that’s expected to drop to 72.9%. Digital sales of films will continue to rise in parallel, growing from $11.7 mln last year to $976.5 mln in 2010.