Vation
23.02.10, 12:57
At the box-office the major movie studios are raking in record profits, but their continuing refusal to widely adopt online business opportunities are hindering progress. According to the head of the Blockbuster video chain, the movie industry’s greed is to blame for holding back innovation.
First off, we have to make it clear that the major movie studios are doing great at the box-office, despite movie piracy riding at an all-time high. Other parts of the movie industry, such as video rental outlets, do seem to struggle and they have the studios to thank for this, not piracy.
In January of this year Warner Bros. announced that new DVDs will not be available at online rental outlet Netflix for the first month after they are released in stores. Warner Bros. hoped that this would increase DVD sales. However, the most likely side effect is an increase in piracy and a loss of income to Netflix...
source and further reading:
Piracy Isn’t Killing The Movie Industry, Greed Is - FileSharing Talk (http://filesharingtalk.com/vb3/f-news-section-95/t-piracy-isnt-killing-the-movie-industry-greed-is-394855/)
First off, we have to make it clear that the major movie studios are doing great at the box-office, despite movie piracy riding at an all-time high. Other parts of the movie industry, such as video rental outlets, do seem to struggle and they have the studios to thank for this, not piracy.
In January of this year Warner Bros. announced that new DVDs will not be available at online rental outlet Netflix for the first month after they are released in stores. Warner Bros. hoped that this would increase DVD sales. However, the most likely side effect is an increase in piracy and a loss of income to Netflix...
source and further reading:
Piracy Isn’t Killing The Movie Industry, Greed Is - FileSharing Talk (http://filesharingtalk.com/vb3/f-news-section-95/t-piracy-isnt-killing-the-movie-industry-greed-is-394855/)