Meaning: This quote by Michael Nesmith, a musician and music video pioneer, highlights the significant shift in the entertainment industry where DVD sales have surpassed box office revenue. In the modern era, the revenue generated from DVD sales, along with digital streaming and downloads, has become a crucial source of income for the entertainment industry. This transformation has been driven by changes in consumer behavior, advancements in technology, and the evolving distribution models within the industry.

The traditional model of the entertainment industry relied heavily on box office revenue as the primary source of income for movies and television shows. The success of a film or TV series was often measured by its performance at the box office, with theatrical releases being the main vehicle for reaching audiences and generating revenue. However, with the advent of home entertainment formats such as DVDs, Blu-rays, and digital streaming platforms, the landscape of revenue generation has undergone a significant transformation.

The emergence of DVDs as a popular home entertainment format has greatly impacted the revenue streams of the industry. DVDs allow consumers to purchase or rent movies and TV shows for home viewing, providing a convenient and flexible way to enjoy entertainment at their own leisure. This shift in consumer behavior has led to a substantial increase in DVD sales, resulting in it becoming a major source of income for the entertainment industry.

Furthermore, the rise of digital streaming services has further revolutionized the way audiences consume entertainment. Platforms like Netflix, Amazon Prime Video, and Hulu have become key players in the industry, offering a vast library of movies and TV shows for subscribers to stream on-demand. The convenience and accessibility of these services have contributed to the growing dominance of home entertainment revenue over traditional box office earnings.

In addition to DVDs and digital streaming, the sale of digital downloads has also become a significant revenue stream for the industry. Consumers have the option to purchase and download movies and TV shows directly to their devices, providing another avenue for content creators and distributors to monetize their products.

The shift in revenue from box office to home entertainment formats can be attributed to several factors. Firstly, the convenience and flexibility offered by DVDs and digital streaming services have made them increasingly popular among consumers. The ability to watch movies and TV shows at home, on multiple devices, and at any time has transformed the way people engage with entertainment.

Moreover, advancements in technology have played a crucial role in driving the growth of home entertainment revenue. The development of high-definition video and audio formats, as well as the proliferation of internet connectivity, has enhanced the overall viewing experience for consumers. This has contributed to the appeal of owning physical copies of movies and TV shows on DVD or Blu-ray, as well as the convenience of streaming content in high quality over the internet.

Furthermore, the evolving distribution models within the industry have also impacted the shift in revenue. With the increasing emphasis on international markets and the global reach of digital distribution, the potential for revenue generation from home entertainment formats has expanded significantly. This has allowed content creators and distributors to tap into a larger and more diverse audience, further boosting the income generated from DVDs and digital streaming.

In conclusion, Michael Nesmith's quote underscores the profound transformation in the entertainment industry, where DVD sales and digital streaming have come to represent a substantial portion of the industry's income. The shift from box office revenue to home entertainment formats is a testament to the changing preferences of audiences, the impact of technological advancements, and the evolving distribution strategies employed by content creators and distributors. As the industry continues to adapt to these changes, the significance of DVD sales and digital streaming in generating income is expected to remain a pivotal aspect of the entertainment landscape.