|
|
Article: On this, the big three agree: Antioco, Wattles, Malugen see no peril from VOD, low-price DVD.(John Antioco, Mark Wattles, Joe Malugen address panel at Thomas Weisel Partners Growth Forum)
- Article from:
- Video Business
- Article date:
- June 23, 2003
- Author:
CopyrightCOPYRIGHT 2003 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
In a rare joint appearance, the CEOs of the three publicly traded video rental chains told an investor conference last week that video-on-demand and the availability of low-priced DVDs for sale pose no significant threat to the video rental business.
"In the next five years, VOD and pay-per-view combined will be less than 10% of the home video business," Blockbuster Inc. chairman and CEO John Antioco predicted. "By then, the home video rental and retail business will be at $25 billion. VOD will be $2 billion to $3 billion max."
Also on the panel at the Thomas Weisel Partners Growth Forum in Santa Barbara, Calif., were Hollywood Video chairman and CEO ...