There's a catch. The young 'uns are watching video like they are listening to music. They download and watch on their PCs, laptops or tablets. Ever wonder why there are these humongous computer screens?
Before a trans-pacific flight I load up my iPad with 4 movies (rented) and a few TV episodes, stick the IEMs in and voila. I haven't used the airlines in-flight system in a couple of years. This is everday behavior for the new generation. I'm not even talking about watching youtube, metacafe, etc. yet. The BD and DVD aisles in big box stores are shrinking pretty darned fast. Then of course there's Netflix.
Entertainment on Demand seems to be what's dominating. If it (quality) sucks now, I believe the bottleneck is in the speed at which one can connect. People with no care for IP rights download 1080p overnight.
No level of government intervention can curb this. The industries will just have to figure out ways to adapt to this new and changing market environment. Finding ways to monetize what's currently "free". THAT is the big question.
And then there is Amazon, selling Blu-ray titles at full high def video (1080p) and full lossless high res audio (DTS-HD Master Audio and Dolby TrueHD; 5.1 and 7.1 surround sound).
...And BestBuy, and Walmart, and Future Shop, and London Drugs, and Magnolia (?), and ... :b
But BlockBuster, MovieGallery, Roger's Video, and all video stores are just very few but all extinct now.
I talked to a lot of industry's insiders, and I look at their inventories (Blu-rays, DVDs, CDs; forget it about SACDs and LPs), and it's going down big time by the minute! And it's a fact!
If you want physical mediums for Movies and Music, and you have a selection or two in mind, you might as well getting it now because tomorrow there is a very probable chance that it won't be there no more.