Jan. 30 (Bloomberg) -- Plunging DVD sales threaten to reduce profit for studio owners Time Warner Inc.,Walt Disney Co.,Viacom Inc. and News Corp., and may force them to write down the value of movies, analysts said.
Fourth-quarter shipments fell 32 percent in the U.S. and Canada to 453.6 million DVDs, according to Los Angeles-based Digital Entertainment Group. The drop is the biggest since the industry-funded researcher started keeping track in 1997.
“Making a movie just won’t be as profitable as it once was,” Barclays Capital analyst Anthony DiClemente in New York said in an interview. “There will be a complete bottoms-up reconstruction of the economics of the film business.”
It's got nothing to do with Hollyweird writing crap? They are playing to themselves or putting out roman numeral versions of ysterdays stuff.
Best picture nominees...
Milk
The Reader
The Curious Case of Benjamin Button
Slumdog Millionaire
Frost/Nixon....
has anyone seen these? Hell, I've not even heard of two of them. Art house chic does not appeal to the masses, nor does it pay the bills in Los Angeles.
Bloomberg