Netflix & Co. will soon make more money than movie theaters

[R]evenue from subscription video services like Netflix in particular is growing at a much faster rate, from $3.3 billion in 2013 to a projected $10 billion in 2018. Add transactional video services like iTunes and Google Play, where you pay to rent or buy a digital copy of a movie or TV show, and you arrive at a total of $14 billion in revenue in 2018. This growth is offsetting the declines Hollywood is seeing with physical media. [PricewaterhouseCoopers] is predicting that the revenue from rentals and sales of DVDs and Blu-ray discs will decline from $12.2 billion in 2013 to $8.7 billion in 2018. – Janko Roettgers, Gigaom  http://ift.tt/1ovv1Xp