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.