July 17, 2009 |
Recession-fueled penny-pinching is driving consumers to rent more movies and buy fewer. New data released Thursday by the Digital Entertainment Group, an industry trade organization, showed that movie rental revenue rose 8% in the first half of the year -- a remarkable uptick for a business that many in Hollywood had thought peaked. At the same time, sales of DVDs have taken a shellacking, falling 13.5% for the period.
February 12, 2008 |
Netflix Inc., the mail-order movie-rental company, said it would start offering high-definition DVDs exclusively in Sony Corp.'s Blu-ray format. Netflix would phase out Toshiba Corp.'s HD-DVD format by the end of the year after a decision by four Hollywood movie studios to opt for the Blu-ray format over Toshiba's for high-definition films and videos, the Los Gatos, Calif.-based company said. Best Buy Co. also plans to recommend Blu-ray technology.
January 24, 2008 |
Hewlett-Packard Co. plans to announce today that it has signed an agreement with Sony Pictures Home Entertainment to create made-to-order DVDs of some of the studio's movies and TV shows. The agreement, whose terms were not disclosed, boosts Palo Alto-based HP's ambition to play the middleman in the future of how entertainment is distributed.
December 27, 2007 |
Larry Kay has won awards and endorsements for his DVD that aims to teach preschoolers values through pet care. His investors include a co-founder of the successful stamps.com and the head of the Red Mango USA yogurt chain. His resume includes stints at children's entertainment giants Walt Disney Co., Activision Inc. and MGM. So why can't Kay, head of Animal Wow Entertainment Inc. in Sherman Oaks, sell enough of his whimsical "Dogs Wow Dogs" DVDs and music CDs to get out of the red?
November 12, 2007 |
American video stores have new-release sections. Chinese video stores have not-yet-released sections. On a recent weeknight here, four people entered a neighborhood shop, where a clerk escorted them through a back door to a closet-sized room. Floor-to-ceiling shelves brimmed with some of the latest Hollywood movies, including "Ratatouille," which had just reached Chinese theaters a week earlier and wasn't due out on DVD until January.
November 8, 2007 |
Two Hollywood rivals are joining forces to fight rampant movie piracy. Paramount Pictures will sell freshly released DVDs through Warner Bros. outlets in China in hopes of bringing low-cost, legitimate goods to market quickly. Warner, Paramount and Paramount's DreamWorks affiliate will sell new titles for $3 in China as little as two months after their U.S. theatrical release, the firms said. They said that would be the earliest release and lowest price in any market worldwide.