Online video will account for 8% of home entertainment by 2011

connected_computers.gifAfter the prediction that Web TV will take off in 2008 comes research that suggests online video will account for 8% of home entertainment revenue in the US, and 7% in Western Europe, by 2011.

An analyst for Understanding & Solutions, Mai Hoang, says that momentum for online video is growing, predicting that, “multiple formats will coexist in the future, and no one format will control the home entertainment landscape, quite unlike the domination of DVD since the demise of VHS.”