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An other reason.

VHS to DVD... hey i'll buy the movies I already had cause quality is better, it's space saving, and I can't see anything on that old tape anyways.
DVD to Blueray.... hey my DVDs are upscaled... do I want to spend 30$ for something just a bit better?

Even if blue ray players sell tons, the movies won't because only few people will redo their movie collection. New movies, sure, but old ones, no...

In my opinion, BR came too early and with too little... but then again, I doubt 2160p would have made any difference either... people have always been fine with SD...



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