But the battle over availability of titles is further muddying the picture.

WSJ: Blu-ray or HD DVD: Which Side Are You On?

Less than half of the movies being made available on DVD are available for online streaming, which means that availability of such titles online is limited and will probably lead to increased piracy.

FORBES: What 2012 hits can you legally stream?

In retrospect, they reckon, the ready availability of film financing meant too many titles were competing for attention.

ECONOMIST: Hollywood in the recession