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Article: Turnaround for DVDs is expected by 2012; Sales down 13%; Home-entertainment execs make prediction at Blu-ray event.(Business)
- Article from:
- The Seattle Times (Seattle, WA)
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 The Seattle Times. 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)
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Byline: Ben Fritz; Los Angeles Times
HOLLYWOOD -- Sit tight, Hollywood, a turnaround in the DVD business is three years away.
That was the consensus of four of the six major studios' home-entertainment presidents, who spoke Tuesday morning at Blu-con, a daylong event in Beverly Hills dealing with Blu-ray high-definition discs.
"By 2012 is when the physical/digital combination will get to the point where we tend to see a growth trend again," said 20th Century Fox Home Entertainment President Mike Dunn, referring to Blu-ray and online-movie distribution, the industry's two growing segments as sales of standard DVDs are falling.
Ron ...