Fears of a deteriorating U.S. economy and falling DVD industry sales helped drive Warner Bros's decision to back Sony's Blu-ray next generation DVD format exclusively, a top executive told Reuters on Monday.
Warner's decision is seen cementing Blu-ray's victory in what could possibly be the last physical format for movies and TV shows as technology and Internet companies race to build online distribution channels, according to Citigroup analyst Tony Wible.
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.
Merrill Lynch said on Monday the United States had entered its first full blown recession in 16 years.
Read this complete Reuters story at http://www.reuters.com/article/industryNews/idUSN0742944620080109
CONSUMER ALERT-Analog Broadcast Televisions
A television receiver that has only an analog broadcast tuner will require a converter box after February 17, 2009, to receive over-the-air broadcasts with an antenna because of the U.S.A.’s transition to digital broadcasting. Analog-only TVs should continue to work as before with cable and satellite TV services, gaming consoles, VCRs, DVD players, and similar products.
For more information, call the Federal Communications Commission at 1-888-225-5322 (TTY: 1-888-835-5322) or visit the Commission’s digital television website at: www.dtv.gov.
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