If the "powers-that-be" in the entertainment industry were to ask me (which, by the way, they have not), I would tell them they've completely missed the boat on the DVD -> Blue Ray thing.

Had they been smart, and not closed minded, paranoid, and self-destructively greedy, they would have already realized that for physical media to have any chance whatsoever in the mass market, moving forward, the price needs to be considerably under that which they are currently charging for DVDs. Unfortunately, they chose to make Blue Ray content a premium. Mind you, I am not surprised by this un-enlightened approach, but I hope, once and for all, someone in a position of power comes to realize that physical media's only chance to remain relevant for a even a few more years is to "carpet bomb" the mainstream market with easily accessible, in-demand, content. (Notice I did not say "on-demand.")

If I were any/all of the major distributors, I would make the following offer to all consumers...

Sign-up on our special website, catalog your current DVD collection, send us all your "old, 20th century technology, low-quality" disks and we will send you brand spanking new Blue Ray disks (packed with all sorts of extra resolution). And, as a special offer, if you register and return more than 20 DVDs, we will give you a Blue Ray player!

Next, I'd let the "Send us your tired and poor DVD" program run for about 6-9 months, then I'd announce that all new Blue Ray discs will be $14.99 or less moving forward.

Finally, sometime around 2015, when it becomes perfectly clear (like it has not already) that "on-demand" 1080P content is what everyone really wants, I'd abandon the consumer market with physical media (DVD and Blue Ray) and focus all my "physical media attention" on the super-premium consumer. I'd make special Blue Ray only editions of classic content and selected new releases, presented in gorgeous packaging with special audio/video tracks, etc., and I'd charge $100+ for these and limit their release. Even better, I'd make them only available to "registered collectors" (anyone can register) and would figure out a way to customize the presentation (package and disk) for each "registered collector."

For digital content on physical media to remain relevant it needs to be entirely re-targeted. If you are someone that depends on DVD and/or Blue Ray sales for your living you are pretty much at the "end of the proverbial plank." If you don't make some changes, and make them now, both you and your livelihood are destined to go the way of VHS.