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BUSINESS
July 4, 2007 | From the Associated Press
The European Commission said Tuesday that it had asked several Hollywood studios to explain why they chose either the Blue-ray disc or HD DVD format for movie discs to see whether they were breaking European Union rules that bar companies from shutting out rivals. The Sony Corp.-backed Blu-ray format has won strong support from Hollywood. Walt Disney Co., News Corp.'
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BUSINESS
March 11, 2005 | From Bloomberg News
Apple Computer Inc. on Thursday backed Sony Corp.'s Blu-ray format for the next generation of digital videodiscs, bolstering Sony's effort to dominate the $26.1-billion U.S. market for DVDs and players. Apple, whose computers including the iMac run software to create DVDs, joined the board of the Blu-ray Disc Assn., Blu-ray said. Sony is fighting to win support over Toshiba Corp. and NEC Corp.'s HD-DVD standard.
BUSINESS
April 23, 2010 | By Dawn C. Chmielewski, Los Angeles Times
Ending a protracted legal dispute, Redbox has reached long-term distribution agreements with 20th Century Fox and Universal Studios to make their DVDs and Blu-ray discs available in its kiosks 28 days after their home video release. The deals, announced Thursday, ensure that popular movies such as "Avatar" and "It's Complicated" will be available through the $1-a-day rental kiosks — albeit four weeks after they're available on DVD. The studios had fought to impose a waiting period to prevent discount rentals from cannibalizing higher-margin DVD sales and rentals.
NEWS
August 30, 2012 | By Ben Fritz
Lionsgate was back on top with its "Hunger Games" last week, returning to the top of both the sales and rental charts. Newcomer "The Dictator," from Sasha Baron Cohen, made noise too, as did releases of Paramount TV shows "NCIS" and "Dexter" and Disney classics "Pocahontas" and "The Rescuers. " Below are the 10 most bought and rented DVDs and Blu-ray discs in the the U.S. last week, according to Rentrak Corp. Top 10 DVD and Blu-ray sales 1. "The Hunger Games" (Lionsgate)
ENTERTAINMENT
August 8, 2012 | By Ben Fritz
Consumers are renting fewer movies in total even as they make the switch to digital from physical media. The total number of movies rented by Americans in the first half of 2012 declined 10% compared to the same period a year ago, according to a consumer survey by the NPD Group. The research firm did not provide information on the total number of movies rented. Within that overall decline, rentals of DVDs and high-definition Blu-ray discs dropped a more sizable 17%. However, online rentals from video-on-demand outlets like Comcast and iTunes and subscription services like Netflix grew 5% during the January-to-June period.
BUSINESS
January 15, 2008 | From Reuters
Consumer electronics maker Toshiba Corp. said Monday that it was slashing prices of its HD DVD format players by 40% to 50% as major Hollywood studios move to embrace Sony Corp.'s Blu-ray format for high-definition DVDs. Toshiba America Consumer Products said it cut prices of its HD DVD players effective Jan. 13 to boost market adoption of its next-generation DVD players by mainstream consumers after what it said was a successful fourth quarter in unit sales.
BUSINESS
June 16, 2011 | By Richard Verrier, Los Angeles Times
Amid a continuing industrywide slump in DVD sales, Walt Disney Studios issued layoff notices on Wednesday as part of a plan to shed about 200 jobs. The cuts include an undisclosed number of layoffs and dozens of jobs that have been unfilled, primarily in the studio's home entertainment division in Burbank, said a person familiar with the matter who was not authorized to comment. The movie studio behind the current worldwide hit "Pirates of the Caribbean: On Stranger Tides," employs about 5,000 people globally.
ENTERTAINMENT
October 25, 2012 | By Dawn C. Chmielewski
Warner Bros. and Redbox have reached a multi-year deal that reduces the wait for new movies available through the retailer's popular red rental kiosks. The studio said it will make newly released movies available to Redbox within 28 days of the DVDs and Blu-ray discs going on sale, starting in January. Earlier this year, the Time Warner Inc.-owned studio instituted a new policy that all DVD rental outlets must wait 56 days from the time the disc goes on sale at retail outlets Wal-Mart and Best Buy until consumers can rent them.
ENTERTAINMENT
August 16, 2012 | By Ben Fritz
No new movies dared challenge "The Lorax" on DVD, and Universal Pictures' animated family film topped the sales and rental charts for the week. In its first week, the box office hit based on the classic Dr. Seuss book was the most-bought and most-rented DVD and Blu-ray disc in the U.S., according toRentrak Corp. The No. 2 top seller wasn't a movie at all, but the History channel's "Hatfields & McCoys" mini-series, which was released on disc by Sony Pictures. The second-most-rented disc was "Lockout," the Luc Besson-produced action film starring Guy Pearce, which came out on disc four weeks ago. Below are the 10 most bought and rented DVDs and Blu-ray discs for the week ended Aug. 12, according to Rentrak Corp.
BUSINESS
January 14, 2010 | By Alex Pham and Ben Fritz
The No. 1 video game console is taking a page out of the playbooks of the ones in second and third place. Nintendo Co. announced Wednesday that it would add Netflix's movie-streaming service to its Wii console this spring. Microsoft Corp. added the Netflix streaming function to its Xbox 360 console in November 2008. Sony Corp. did the same on its PlayStation 3 in November 2009. As with Xbox 360 and PS3, the Netflix streaming service will be free to the more than 11 million people who already subscribe to Netflix's movie rental service.
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