$32 bln was spent on VHS in 1996, $15 bln in 2003

Global annual consumer spending on VHS software peaked at almost $32 bln in 1996, subsequently starting a steady descent that saw the format generating under $15 bln in 2003, and heading towards an expected merely nominal turnover by 2008, according to Screen Digest. Meanwhile, DVD has not only stabilised the overall video software market but is driving a trend that will double the market size in seven years.