Post by FM-77AV on Jan 5, 2008 10:09:30 GMT -5
Warner leaves the HD-DVD camp:
CES HD-DVD event cancelled because of this news:
New Line drops HD-DVD support as well:
Looks like the format war is finally settled. Great news!
Reuters:
NEW YORK/LOS ANGELES (Reuters) - Time Warner Inc's (TWX.N: Quote, Profile, Research) Warner Bros studio on Friday said it would exclusively release high-definition DVDs in Sony Corp's (6758.T: Quote, Profile, Research) Blu-ray format, dealing a big blow to Toshiba Corp's (6502.T: Quote, Profile, Research) rival HD DVD technology.
Warner Bros, Hollywood's biggest seller of DVDs, representing about 18 to 20 percent of sales in the United States, was one of the few studios that backed both formats.
All sides of the format war had agreed it was confusing to consumers and a stumbling block for a potential multibillion-dollar industry.
Total DVD unit sales fell 4.5 percent in 2007, the first major year-over-year decline since the disc format debuted in 1997, according to Adams Media Research. Sales fell 4.8 percent to $15.7 billion.
"The window of opportunity for high-definition DVD could be missed if format confusion continues to linger. We believe that exclusively distributing in Blu-ray will further the potential for mass market success and ultimately benefit retailers, producers, and most importantly, consumers," Warner Bros Chairman and Chief Executive Barry Meyer said in a statement.
News Corp's (NWSa.N: Quote, Profile, Research) 20th Century Fox, Walt Disney Co (DIS.N: Quote, Profile, Research), and Lionsgate (LGF.N: Quote, Profile, Research) are among studios backing the Blu-ray format. Viacom Inc's (VIAb.N: Quote, Profile, Research) Paramount studios and General Electric's (GE.N: Quote, Profile, Research) NBC Universal release movies in HD DVD format.
Warner said it would continue releasing in the HD DVD format until the end of May, although those releases would follow the standard DVD and Blu-ray releases.
NEW YORK/LOS ANGELES (Reuters) - Time Warner Inc's (TWX.N: Quote, Profile, Research) Warner Bros studio on Friday said it would exclusively release high-definition DVDs in Sony Corp's (6758.T: Quote, Profile, Research) Blu-ray format, dealing a big blow to Toshiba Corp's (6502.T: Quote, Profile, Research) rival HD DVD technology.
Warner Bros, Hollywood's biggest seller of DVDs, representing about 18 to 20 percent of sales in the United States, was one of the few studios that backed both formats.
All sides of the format war had agreed it was confusing to consumers and a stumbling block for a potential multibillion-dollar industry.
Total DVD unit sales fell 4.5 percent in 2007, the first major year-over-year decline since the disc format debuted in 1997, according to Adams Media Research. Sales fell 4.8 percent to $15.7 billion.
"The window of opportunity for high-definition DVD could be missed if format confusion continues to linger. We believe that exclusively distributing in Blu-ray will further the potential for mass market success and ultimately benefit retailers, producers, and most importantly, consumers," Warner Bros Chairman and Chief Executive Barry Meyer said in a statement.
News Corp's (NWSa.N: Quote, Profile, Research) 20th Century Fox, Walt Disney Co (DIS.N: Quote, Profile, Research), and Lionsgate (LGF.N: Quote, Profile, Research) are among studios backing the Blu-ray format. Viacom Inc's (VIAb.N: Quote, Profile, Research) Paramount studios and General Electric's (GE.N: Quote, Profile, Research) NBC Universal release movies in HD DVD format.
Warner said it would continue releasing in the HD DVD format until the end of May, although those releases would follow the standard DVD and Blu-ray releases.
CES HD-DVD event cancelled because of this news:
Notice of CES Press Conference Cancellation by North American HD DVD Promotion Group
“Based on the timing of the Warner Home Video announcement today, we have decided to postpone our CES 2008 press conference scheduled for Sunday, January 6th at 8:30 p.m. in the Wynn Hotel. We apologize for any inconvenience this may cause.
We are currently discussing the potential impact of this announcement with the other HD DVD partner companies and evaluating next steps. We believe the consumer continues to benefit from HD DVD’s commitment to quality and affordability – a bar that is critical for the mainstream success of any format.
We’ll continue to keep you updated on new developments around HD DVD.”
“Based on the timing of the Warner Home Video announcement today, we have decided to postpone our CES 2008 press conference scheduled for Sunday, January 6th at 8:30 p.m. in the Wynn Hotel. We apologize for any inconvenience this may cause.
We are currently discussing the potential impact of this announcement with the other HD DVD partner companies and evaluating next steps. We believe the consumer continues to benefit from HD DVD’s commitment to quality and affordability – a bar that is critical for the mainstream success of any format.
We’ll continue to keep you updated on new developments around HD DVD.”
New Line drops HD-DVD support as well:
It is now clear that New Line (Owned by Warner Bros.) will also drop HD DVD in favor of Blu-ray. The announcement comes on a day that can only be described as a nightmare for the HD DVD camp.
This means that from May 2008 no titles from New Line and Warner Bros. will be released on HD DVD.
The reason for the May 2008 date is that Warner Bros. is currently under contract to deliver titles on the HD DVD format. The contract ends on that date.
This means that from May 2008 no titles from New Line and Warner Bros. will be released on HD DVD.
The reason for the May 2008 date is that Warner Bros. is currently under contract to deliver titles on the HD DVD format. The contract ends on that date.
Looks like the format war is finally settled. Great news!