Jan. 14 at 10:50 a.m.
Filed under:
Entertainment,
Stock activity,
Video
By Reuters
A Redbox kiosk at Walgreens. (Handout)
Shares of Coinstar Inc. fell 26 percent on Friday morning, a day after the electronic kiosk company said delayed releases of DVD titles hurt sales at its unit Redbox during the crucial holiday season.
“This was Redbox’s first holiday season with 28-day delayed titles, and we underestimated the impact that the delay would have on demand during the fourth quarter,” Chief Executive Paul Davis said.
As part of a settlement last year, Redbox had agreed with News Corp.’s Twentieth Century Fox, Universal Pictures owned by General Electric and Time Warner’s Warner Bros, to wait for 28 days after a DVD title is released before offering them for rent. Get the full story »
Dec. 23, 2010 at 10:42 a.m.
Filed under:
Entertainment,
Media,
Movies,
Technology,
Video
By Dow Jones Newswires
Blu-ray is emerging as a holiday hero for Hollywood as the film industry grapples with the rise of digital video and a persistent slump in its most profitable source of revenue — DVD sales.
A combination of the weak economy, online piracy and low-cost rental and streaming services has driven continued declines in DVD sales this year, but strong growth in Blu-ray, premium-priced discs that offer a higher quality home viewing experience, suggests consumers still have an appetite for physical home movie products. Get the full story »
