Monday, February 27, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
MWC: HP Announces The Pro x2 612 G2 Commercial Detachable
HMD Brings Nokia's Classic 3310 Phone Back
MWC: Samsung Launches The Galaxy Tab S3, Galaxy Book, And New Gear VR With Controller
New Budget-friendly Moto G5 and G5 Plus Come With Metal Designs
DJI Introduces M200 Series Drones For Enterprise Solutions
MWC: ZTE Unveils The'Gigabit' Proof-of-concept Smartphone
MWC: Huawei Launches New HUAWEI P10 and P10+ Smartphones, Watch 2 Smartwatches
Samsung to Showcase Galaxy Tab S3 and Galaxy Book 2 Tablets, A New Gear VR at MWC
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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
Sony Unveils Pricing And Availability Of 2017 4K HDR Ultra HD TVs And Ultra HD Blu-ray Player
Pioneer BDR-S11J-BK BDR-S11J-X Ultra HD Blu-ray Burners Coming Next Month
BDA: UHD Blu-ray Discs And Players Post Sold Well In 2016
LG Unveils Dolby Vision-capable 4K Ultra HD Blu-ray Player
Panasonic Unveils New Ultra HD Blu-ray Players
New Data Storage Method Could Boost Capacity Of Optical Storage Media
OPPO Releases UDP-203 4K Ultra HD Blu-ray Disc Player
PowerDVD Software Player Certified for Ultra HD Blu-ray Disc Playback
Demand For 4K TVs And Streaming Media Players Is Growing
Home Entertainment Spending Up Driven by Digital HD Sales and 4K Ultra HD Technology
AT&T to Acquire Time Warner For $85.4B
AT&T In Advanced Talks With Time Warner On Merger

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .