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HOME VIDEO ISN'T JUST FOR THE HOME ANYMORE Tuesday, August 23 2005 "Home video" or "home entertainment" are quickly being obsolete terms given the proliferation of devices that now allow consumers to watch video on-the-go. According to Home Media Retailing magazine (whose title may also be heading for obsolescence just months after it was adopted to replace Video Store magazine) portable entertainment has become a major growth area. The magazine quoted Craig Kornblau, president of Universal Studios Home Entertainment as saying, "Whether it's a business traveler with (more) HI-DEF VIDEO GROUPS SET TO WAGE WAR Tuesday, August 23 2005 A format war between two different high-definition DVD technologies appeared inevitable today (Tuesday) as Tokyo's Yomiuri Shimbun reported that backers of the two technologies have given up efforts to develop a unified format. Toshiba, backed by NEC and Sanyo, intend to proceed with plans to start manufacturing devices using its HD DVD system, while Sony, Samsung and Matsushita (which manufacturers sets market under the Panasonic brand) plan to proceed with their introduction of sets using (more) |
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The major movie studios are stepping up their production of movies intended to go directly to the home video market, Home Media Retailing reported Monday. Universal Studios Home Entertainment president Craig Kornblau told the publication, "We have a $24 billion business that consumers absolutely love ... and yet there is very little content made only for this business." Many of the new features being produced for DVD release are being described as "franchises" -- essentially sequels to successful films. Last week, Universal launched "Universal DVD Originals" with Carlito's Way: Rise to Power, a sequel to 1993's Carlito's Way. On Dec. 27, the studio will release the DVD sequel American Pie: Band Camp, starring Eugene Levy. Sony plans to release Single White Female 2: The Psycho on Oct. 25 and 8MM2 on Nov. 22. New Line is planning sequels to 1994's 8 Seconds and last year's The Butterfly Effect. And Paramount Home Entertainment President Meagan Burrows told the publication that the studio is "in the process of developing a new [DVD] comedy label."
