Can you sense the positive vibe coming from Hollywood? After so many years of declining home media sales, things might be finally starting to look up for the studios, and several prominent studio executives are expressing optimism about the state of the industry during the final months of 2011.
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Ron Sanders, president of Warner Home Video, said the following about his studio’s prospects:
“We started out the year with tough year-over-year comps to box office, but have made steady gains throughout 2011, with an especially strong third quarter . . . We seem to be getting some momentum in the sellthrough space, with catalog being a particular bright spot. Black Friday was very strong this year and also bodes well for a strong finish to 2011 and good momentum into the first quarter of 2012.
David Bishop, president of Sony Pictures Home Entertainment, echoed Sanders’ optimism:
“The third-quarter numbers were an indicator that our business is on track for a strong performance for the rest of this year and into the future . . . strong upcoming slate of highly anticipated new releases like The Girl With the Dragon Tattoo, Mission: Impossible — Ghost Protocol and Steven Spielberg’s War Horse, as well as franchise titles like Men in Black III, the new Spider-Man and the new ‘Batman,’ promise an even stronger 2012.”
Dennis Maguire, president of worldwide home media distribution for Paramount Pictures, believes that maturing content delivery systems are helping lure consumers back into purchasing home media:
“2011 showed that home entertainment continues to excite and enthrall consumers . . . Blu-ray and EST continued to surge, and new delivery systems and devices offer viewers more and more opportunities to enjoy our content, expanding demand even further.
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Are things back on a sustained upswing for Hollywood? What do you thing 2012 will bring for the home entertainment industry?
(via Home Media Magazine)
EST’s [Electronic sell-through] days are numbered. IVOD [Internet
Video on Demand] will probably be the future, in the same way that renting versus owning today is more popular.
If they’d stop paying so much to make movies, and stop paying the actors so much, maybe they’d see even better numbers. Its ridiculous that studios are paying upwards of $200 million to make a movie. Take a lesson from movies like Blair Witch Project and some of the other smaller, yet successful movies. You don’t need to spend hundreds of millions of dollars to make a good movie. Same goes for animated titles, if they wouldn’t hire these huge $20 million/movie actors to do VOICES in these movies, they could save a lot of money and maybe pass on a little bit of those savings to us who struggle to take our familes to see the movie.
And just when sales are taking off again, studios try to tie the digital download version of a movie to UltraViolent which is complete nonsense.
If Hollywood wants more customers….then they need to make their product more affordable….I avoid going to the theaters unless it is a really special movie…..and I take my wife to lunch or dinner before we go…..I’d much rather spend my money in a nice restuarant with a table than to drop $60 at the consession stand for sodas, popcorn and candy…. It’s much better watching a DVD on the big screen TV at home where I don’t have to fight crowds for the restroom and can pause and rewind the movie at will. No noisy kids or other people stomping over my feet during the best parts either.