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Chapek says VOD is no pressing threat: Best Buy to ring up $5 billion in packaged entertainment.(Bob Chapek)

LA QUINTA, CALIF. -- Buena Vista Home Entertainment president Bob Chapek sought to reassure a roomful of replicators last week that packaged media has a long shelf life ahead of it.

Speaking at the 34th annual International Recording Media Association conference, Chapek discounted any immediate video-on-demand threat, citing the value of traditional retail for the consumer and the perceived value of purchased goods.

While he did say it would be "hard to argue against the hypothesis that digital delivery" will be the next big thing, Chapek is looking ahead to high-definition DVD to keep sales of packaged media sturdy.

Chapek, who is also president of the Digital ...

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