September 25, 2011

Ya Think?! [2:19 pm]

Well, they’re still probably ahead of the music industry — Movie studios give up the DVD ghost, look to the Internet [pdf]

After desperate attempts to prop up the industrys once-thriving DVD business, studio executives now believe the only hope of turning around a 40% decline in home entertainment revenue lies in rapidly accelerating the delivery of movies over the Internet.

[...] “The days of baby steps on the Internet are over,” said David Bishop, president of Sony Pictures’ home entertainment unit. “It’s now critical that we experiment as much as possible and determine how to build a vibrant market for collecting digital movies.”

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