So it’s not just me. This Fortune blog article attributes this year’s 2% drop in DVD sales to consumer paralysis over which of the new formats to buy:
Market research showed it wasn’t just NetFlix (NFLX) or Apple’s (AAPL) iTunes hurting traditional DVD sales, either. Consumers who bought HDTVs were so afraid of backing the wrong high-definition movie format that they decided not to buy movies at all.
It’s a phenomenon that would be familiar to anyone who’s read Barry Schwartz’s Paradox of Choice: in our desire to not pick wrong, we often don’t pick at all.
Thanks to Mike Curtis for the link.
This morning’s Parade Magazine (January 6th, 2008) cover article is on Benazir Bhutto — a refreshingly newsworthy subject for the magazine. After all, Bhutto was assassinated on December 27th, and her death has brought new concerns about the future of Pakistan and the region.