Paramount To Merge With Sony If DVD Sales Continue To Fall
Posted on 30. Jun, 2009 by hiphopgamer in PC, Real Talk with the HipHopGamer, Sony
NEWS:
Blu-Ray is consistently showing that they are here to stay despite the push for digital distribution. Suffering DVD sales has now put a major company by the name of Paramount in a bind to the point where a merger is close to happening. One of the candidates toward making this merger a reality is Sony Pictures.
Financial Times Online spoke on this subject saying that Paramount is looking to consolidate its home-entertainment arm with another studio, in the wake of diminishing DVD sales. According to the site, Paramount initiated discussions with Sony Pictures and Fox.
Blu-Ray defeated HD-DVD, Blu-Ray has achieved market share growth at a faster rate than DVD when it was first announced, and now they are standing tall against digital distribution. Sony Playstation 3 helped to make Blu-Ray as powerful as it is today and the faster DVD falls the quicker Blu-Ray will rise. The possibility of a merger happening can only mean that companies may soon be gearing up to release Blu-Ray’s only with the chance of a DVD edition on the same disc instead of the consistent manufacturing cost of both disc, now the industry can only use one and still receive and enjoy the best of both worlds.
CAN WE SAY DVD/BLU-RAY HYBRIDS
A source told the site that the merger would combine DVD production, distribution, administration and could even see studios sharing technology. The new company would exist as a third party distributor, while marketing and sales would be kept in house.
Other studios, including Warner Bros. and Disney, have been taking measures to cut costs in the face of shrinking market share as well. If the trend continues, this may be just the first in a string of industry consolidations.
I use to be a DVD Hog (kind of still am) but I haven’t bought any DVD movies for months but I have been buying a load of old toons and tv shows on the cheap. That’s the only thing i’ll buy on dvd now. I’ve been replacing older movies with a lot of Special effects that I already have and like with Blu-rays. Though I won’t be replacing a lot of my collection.
Action-less movies i’ll most likely just keep on dvd. At the same time i’ve been buying the lower budget (action-less) movies for cheap from amazon unbox. Problem with that is while the quality of the picture is decent it could be better. The sound is low, there are no special features, no subtitles and each movie takes up a lot of space. I ended up buying a 1TB internal HD and will consider replacing 1 of the other two drives with another 1TB drive. Not to mention the time it takes to download one movie on DSL. Though you could start watching after ten minutes. But i’d rather have these movies I won’t watch alot in one place instead of constantly trying to make space in here. There’s also the issue for me with Downloads costing way more than they should. The movies should cost $5. $8 at the most.
Like Dent said also people on the net seem to watching copies of movies online for free. I don’t really know how they can get around that but to slow online bootlegs of recently released to the theater movies someone could setup a cheap online movie theater which offers great quality in comparison. There are obviously a lot of people out there who don’t mind hitting the theaters but there’s also a chunk of the population that prefer the convenience of home theater.
I posted this last night at 1046 and my comment still isn’t showing up? What the hell is up with your site.
YOU MIGHT WANT TO READ THIS.
No…not even CLOSE to what is happening.
Paramount is looking to combine its DVD MANUFACTURING with other studios to lower costs through scale…they are not looking to merge the actual STUDIO.
http://www.forbes.com/feeds...
http://www.reuters.com/arti...
Quote: The goal would be to cut costs by combining some back office operations, including production and distribution, in sort of joint venture, a second source familiar with the talks said.
http://online.wsj.com/artic...
Quote: In a bid to cut back on costs in the declining market for DVDs, Hollywood’s most important revenue source, Viacom Inc.’s Paramount Pictures is in talks with other studios to outsource the back-office portions of its home-entertainment operations.
You know that DVD sales dwarf that of blu-ray $22.4 Billion from DVD last year $700 million from Blu-ray. all in all its a drop in payed for media that is the problem, as net speeds incress and the ability to download divx films becomes easier and more common. I for one don’t know any of my friends that still buy any kind of disc at all and just use the torrent sites.
Blu-ray will take over in time but right now piracy is hurting these big name studios not the type of media they sell there films on. What the film companies need to wake up and realise is that people will find a way to get there films for free.
Its time for them to start pushing for low cost digital distribution or they are done for. I know i would not mind watching some adds at the start of a film, adds that advertisers want me to watch as i am there prime market.
This is the future of entertainment its fast its on demand and its free.
i agree with thugbot187 he got a point i think paramount will join as many others have. it a plus for sony and people who own a ps3. The most advance blu-ray player 2.0. thats one think i love about sony they like moving forward, ps1 cd’s ps2 dvd’s ps3 blu ray ps4 who knows
but i think blu ray will be here for a long time because they have made a 500GB Blu-Ray disk 20 or 16 layers
Information on how well BLU RAY and DD is doing is always conflicting, one moment they are up and doing really well the next they are down.
YOU MIGHT WANT TO READ THIS.
No…not even CLOSE to what is happening.
Paramount is looking to combine its DVD MANUFACTURING with other studios to lower costs through scale…they are not looking to merge the actual STUDIO.
http://www.forbes.com/feeds...
http://www.reuters.com/arti...
Quote: The goal would be to cut costs by combining some back office operations, including production and distribution, in sort of joint venture, a second source familiar with the talks said.
http://online.wsj.com/artic...
Quote: In a bid to cut back on costs in the declining market for DVDs, Hollywood’s most important revenue source, Viacom Inc.’s Paramount Pictures is in talks with other studios to outsource the back-office portions of its home-entertainment operations.