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Exactly. Same thing happened with CDs, especially classical.

Posted by Dalton on April 16, 2008 at 21:38:04:
In the late 80s-early 90s, people were leaving the record stores with armloads of classical CDs. Once they had the standard repetoire in hand, sales plummetted. Same thing with movies - everyone has a few dozen "must own" movies - movies that they want to watch over and over throughout the years, be they classics like "Casablanca" or childhood favorites. Now that they have them, sales of DVDs are dropping. It's only going to get worse, although at least studios have the advantage over music CDs of being able to re-release the same titles in special editions with "extra features" to encourage fans to buy them again.

There are still only a handful of Bluray titles I would want to own at DVD prices, let alone $29-$35 a disc. I am not willing to pay full price for any Bluray disc. The few I own were either free or on sale for at least $10 off. I would bite on a couple dozen currently available titles at $14.99 though.