In fact, Blu-ray disc sales in the U.S. soared 58 percent in the third quarter of 2011 compared to the same period last year, according to DEG's newly released .

The home entertainment business also appears to be rising out of its Great Recession slump, albeit slowly.

Consumer spending on home entertainment in Q3 rose nearly 5 percent compared to a year earlier, the first increase since the first quarter of 2008 when the recession got underway, the DEG study says.

Bye-Bye Blockbuster

is evident in the DEG data as well. Brick-and-mortar disc rentals in Q3 plummeted nearly 29 percent year over year.