Home › DMW Daily › January 30, 2009

DVD Plunge May Force Studio Write Downs

Authored by Jay Baage on January 30, 2009 - 11:49am.
Los Angeles – Recent data showing a plunge in DVD shipments threaten to reduce profit for studio owners Time Warner Inc.,Walt Disney Co.,Viacom Inc. and News Corp., and may force them to write down the value of movies, said analysts Bloomberg has spoken to. Fourth-quarter shipments fell 32 percent in the U.S. and Canada to 453.6 million DVDs, according to Los Angeles-based Digital Entertainment Group. The drop is the biggest since the industry-funded researcher started keeping track in 1997.

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Published in DMW Daily, January 30, 2009
tags: Movies | Disney | DVD | Warner Home Video | Earnings | Film | Profits |



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