Dmon4u
03-17-06, 11:01 PM
http://www.foxnews.com/story/0,2933,188256,00.html
Highlights:
LOS ANGELES — Warner Home Video on Thursday said it expects motion picture industry sales of next-generation DVDs to reach as much as $750 million in the last quarter of this year, which will include their first holiday sales season.
"From October to December, we expect at least $250 million to possibly as much as $750 million in sales industrywide," said Steve Nickerson, senior vice president of market management for Warner Home Video, which plans to release its first three titles on April 18 in HD DVD format, championed by Toshiba Corp.
Warner Home Video is a unit of Time Warner Inc (TWX).
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Nickerson said Warner Home Video was forecasting industry-wide sales of next-generation DVDs of $35 million to $40 million in April to September, as electronics makers and studios begin to release the next-generation DVD players and movies.
In disclosing Warner's forecast for the fourth quarter, Nickerson attributed the wide range to uncertainty regarding home penetration of Sony's PlayStation 3, which is expected to launch in November with a Blu-ray drive, and Microsoft Corp's (MSFT) Xbox 360 game console, which he said is expected eventually to have an HD DVD add-on drive.
"This is a new format and we're using a lot of new technologies. We wanted to make sure that with all of these new things that the product is right," he said.
Highlights:
LOS ANGELES — Warner Home Video on Thursday said it expects motion picture industry sales of next-generation DVDs to reach as much as $750 million in the last quarter of this year, which will include their first holiday sales season.
"From October to December, we expect at least $250 million to possibly as much as $750 million in sales industrywide," said Steve Nickerson, senior vice president of market management for Warner Home Video, which plans to release its first three titles on April 18 in HD DVD format, championed by Toshiba Corp.
Warner Home Video is a unit of Time Warner Inc (TWX).
-
Nickerson said Warner Home Video was forecasting industry-wide sales of next-generation DVDs of $35 million to $40 million in April to September, as electronics makers and studios begin to release the next-generation DVD players and movies.
In disclosing Warner's forecast for the fourth quarter, Nickerson attributed the wide range to uncertainty regarding home penetration of Sony's PlayStation 3, which is expected to launch in November with a Blu-ray drive, and Microsoft Corp's (MSFT) Xbox 360 game console, which he said is expected eventually to have an HD DVD add-on drive.
"This is a new format and we're using a lot of new technologies. We wanted to make sure that with all of these new things that the product is right," he said.