Wednesday, April 01, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
The White House Targets Cyber Attackers With New Sanctions Program
Uber Files Complaints Against Service Bans
Yahoo Autos Is Launching Today
GoDaddy Enters The Wall Street
Amazon Button for Instant Product Ordering
Sony To Sell Olympus Shares
Tech Industry Enjoys April Fools' Day
Facebook User Tracking Violates EU Law, Research Says
Active Discussions
how to copy and move data files to dvd-rw
cdrw trouble
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
 Home > News > Optical Storage > Warner ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, January 08, 2008
Warner Bros: Economy Drove Us to Blu-ray


Warner Bros's president Kevin Tsujihara said that fears of a deteriorating U.S. economy and falling DVD industry sales helped drive the company's decision to back Blu-ray exclusively.

"We've typically been recession proof," Warner Bros Entertainment Group President Kevin Tsujihara said in an interview at the annual Consumer Electronics Show in Las Vegas, Reuters reports.

"But the thing that we saw in the fourth quarter...was gas prices beginning to affect sales. And since we're considered an impulse purchase, it's beginning to impact us," he said.

Tsujihara said the company needed to quickly erase consumer and retailer confusion over dueling DVD formats before economic conditions deteriorated.

Warner executives also said the consortium of companies backing Blu-ray, including five of the seven big Hollywood Studios, could spend more than $50 million in 2008 to convince consumers to upgrade, or more than the amount spent by the backers of both HD DVD and Blu-ray in the 2007 holiday season.

A 2007 decline in DVD sales, which account for half of Hollywood's profits, and anticipated further declines in 2008 sped Warner's decision making process.

Warner also said that worsening economical conditions in 2008 could scupper sales of new players, and movies, even if only one format survived.

"We've hit the first 30 million" households with high definition televisions, Tsujihara said. "As we go in deeper, they'll be more cost conscious."

At CES, Warner Home Video's president Ron Sanders was also asked whether Sony had paid Warner to exclusively support the Blu-ray.

Sanders chuckled and said, "I wish."

"Any payment would just be a drop compared to getting it wrong in the consumer marketplace," Sanders said.

Sander's also told BetaNews web site that Warner had fulfilled any contractual obligations to Toshiba, answering to a question regarding a possible legal reaction of Toshiba against Warner's decision. "That's why we will continue to provide movies in the HD DVD format through May rather than stopping now," he said.


Previous
Next
AMD Announces AMD LIVE! Ultra Desktop and Notebook PCs        All News        Buffalo Announces External Blu-ray HD DVD Player
Sonic Qflix DVD media to be Manufactured and Distributed by Ritek     Optical Storage News      Buffalo Announces External Blu-ray HD DVD Player

Get RSS feed Easy Print E-Mail this Message

Related News
DIGISTOR Releases New Professional Grade Blu-ray Recordable Media
Blu-ray Players Could Install Malware
4K Blu-ray Gets a Name: Ultra HD Blu-ray
Sony Unveils New Line of Blu-ray Disc Players
Panasonic Showcases Next Generation Blu-ray Disc Player at CES 2015
Blu-ray Movie Discs Used As Templates For Improving Solar Cell Performance
Pioneer Introduces New High-end Blu-ray Players At CEDIA
Blu-ray Discs For 4K Content And 4K Players Coming Next Year
New BD-DSD Blu-ray Disc Standard Allows Storing 200GB Of Data Per Disc
Optical Disc Sales Down
DVD And Blu-ray Discs Remain Popular in Britain
Blu-ray Disc Format Moving From Consumers To Professionals

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .