However, people have not stopped watching movies. Rather than buying movies, many people are renting them. 13 In the first half of 2009, consumer spending on rentals grew over eight percent. 14 While the Hollywood studios are suffering, Netflix and Redbox are seeing their profits flourish, growing twenty percent and 110 percent respectively in the second quarter of 2009. 15 While the rental industry's revenue is growing substantially, the companies that actually make the product are seeing their revenues plummet.
The quote says MANY people are renting movies--you keep claiming that MOST people are now renting/streaming. Please back up your claim.