SUFFICIENTLY ADVANCED TECHNOLOGY

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Studios stop selling DVDs directly in Korea

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cdIf your home got an average broadband speed of 10,993 kbps, like many in South Korea do, would you be less likely to buy movies on shiny plastic discs? Warner Bros. just joined Sony, Paramount, Universal, Buena Vista and 20th Century Fox and stopped selling DVDs directly in that territory. Instead it will license the rights to a local pressing and distribution company, report Geoffrey A. Fowler and Sungha Park in the Wall Street Journal. The story cites “rampant piracy” as the reason for the move and says DVD sales are expected to drop by more than half their 2002 level to a projected $285 million this year.

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Written by chris

November 12, 2008 at 7:41 pm

Posted in Film, Internet

Tagged with , ,

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