Furthermore, we believe the DVD (and broader optical disk) category has already entered a long-term decline (analogous with peak-to-trough decline of VHS and CD categories), caused by rapid growth in on-line streaming and a la carte rentals (though we admit that UV has been a bit of a disappointment, so far).
Consumer spending, which makes up about 70% of the U.S. gross domestic product, is expected to be about in line with its activity last year, which had more pent-up demand and a larger trough to climb.