According to market estimates, sales of new DVDs fell 20% over the year in 2009. Total spending on home entertainment, which includes DVD and Blu-ray rentals and sales, together with electronic downloading, fell 10% to $4.7 billion for the year. Researchers estimate that the consumers are shifting from the purchase of DVDs to an online
During the previous quarter, Accenture’s strong market practices helped them to establish a solid presence in the global market. Not only are they winning big contracts worldwide, but they are also being given numerous accolades. Last week, Standards & Poor’s announced plans to add Accenture to the S&P 500 Index starting July. Last month, the
Flash sales sites shot to attention after a spate of acquisitions announced over the past few months. Earlier this year, Nordstrom bought HauteLook for $270 million. Last year end, e-tailing giant Amazon also ventured into the market when it bought the members-only site BuyVIP for $96.5 million. The global market in luxury flash sales is led by
The EDA players believe that the current year will bring growth for their industry. According to Snyopsys’ management, the outlook for semiconductors is at upper-single-digit growth this year. Industry analysts also expect a CAGR of 9%-11% over the next five years. Besides growth, the industry also believes that the “time-to-market” pressure is back on account of the
Founded by David Karp in New York City in 2007, tumblr is a micro-blogging platform that has re-envisioned the interface of traditional blogging by aggregating posts from different blogs and giving them a fun visual navigation through quick, mixed-media posts. Tumblr has simplified the effort required in sites like WordPress for blog creation and also
Besides Yelp, Zynga is another online player that appears to be waiting to cash in on the IPO market. Analysts expect Zynga to file for an IPO by the end of this month. Meanwhile, the company is busy launching new games and creating attractive marketing tie-ups in the entertainment industry.
Till now, the online local listings player, Yelp.com, has successfully managed to avoid Google’s buy-out overtures and other competition while remaining a private player. This may change. After declaring their intentions last year to stay private, Yelp has finally started evaluating the option of going public. According to management, an IPO now will give the
The real estate market in the U.S. does not seem to be on the verge of any recovery. In a survey conducted by Trulia and RealtyTrac.com of 2,018 homeowners across the country in April of this year, 54% of the surveyed population believes that the housing market recovery will take another two and a half