March 11, 2011 |
Relativity Media has signed a four-year agreement with 20th Century Fox for the studio to release Relativity movies on DVD as the independent company attempts to transition from a film financier into a bona fide studio. The first three movies to be distributed by Fox were all box-office flops, illustrating the challenges that Relativity, led by Chief Executive Ryan Kavanaugh, faces now that it is fully financing and releasing its own pictures. After losing money from its co-financing partnerships with Universal Pictures and Sony Pictures over the last five years, Relativity and its backer, hedge fund Elliott Associates, are hoping to do better by developing and controlling their own films.
July 26, 2007 |
Target Corp., the nation's second-largest retailer, will start selling a Sony Corp. Blu-ray high-definition DVD player during the holiday shopping period and feature the player along with Blu-ray discs in store displays, dealing a potential blow to the rival HD DVD format.
October 21, 2013 |
Fox Home Entertainment Worldwide President Mike Dunn used a Consumer Electronics Industry forum Monday in Los Angeles to advocate for closer cooperation between Hollywood and device makers on the coming generation of media players that deliver video in ultra-high definition. Dunn proposed a next-generation Blu-ray player he dubbed a "digital bridge," which he said would carry the two industries forward over the next decade, as manufacturers introduce "4K" televisions and players that deliver four times the resolution of current high-definition TVs and Blu-ray discs.
November 1, 2011 |
Spending on home entertainment totaled $3.9 billion in the third quarter, up 5% from a year earlier, marking the first increase since the recession took hold in 2008. Purchases of recorded movies fell to $1.7 billion in the latest period, down 4% from the third quarter of 2010, a new report from Digital Entertainment Group shows. The continued drop in consumer purchases of movies came despite the growth in popularity of Blu-ray discs. Sales of Blu-ray discs, an increasingly popular format, were up 58%, but that wasn't enough to offset a decline in DVD sales.
January 22, 2013 |
The Tim Burton-directed animated feature "Frankenweenie" debuted at the top of the DVD sales charts, while "Looper" remained the most popular rental in the U.S. in the second week of January. The horror movie "House at the End of the Street," meanwhile, was the most popular video-on-demand rental. Walt Disney Studios' animated films have remained relatively popular purchases amid a long-running DVD slump, and "Frankenweenie" continued that trend, despite not having performed well at the box office.
September 10, 2011 |
In an effort to strengthen its retail business, Walt Disney Co. has consolidated sales of toys, books, apparel, DVDs and video games under a single division to be headed by Robert Chapek, the newly named president of consumer products. The former distribution chief for Walt Disney Studios will oversee an expanded consumer products group that will handle retail and licensing across the entertainment giant's businesses, from its film units — Pixar Animation Studios, Marvel Entertainment and Disney — to the interactive media and television groups.