Sony in a innovative move are showing its animated hit “Cloudy With a encounter of Meatballs” via Internet enabled teleimaginations and Blu-ray players before it gets its DVD release.
It’s the up-to-date move by Hollywood who are count for a way to recoup the massive losses in home entertainment.
Its an interesting change in the movie industrys ‘release windows’ for top movies, because Hollywood has previously been reluctant to change because of losing win on DVD sales and upsetting its largest customer, Wal-Mart. However the set in DVD sales, which is down up to 25% at some studios, has meant that looking for new ways to distribute movies has lead a top priority.
The price of the film, $24.95, is high adequate not to alienate retailers, Sony said.
“We don’t need a war with Wal-Mart or any other organization, and I don’t opine they’re hostile to this,” said Howard Stringer, the chief executive of Sony. “It will make televisions more useful sites., and that’s a good issue.”
Hollywood is currently looking for ways to take advantage on film statistical distribution via the internet.
“Cloudy With a Chance of Meatballs,” Sony’s biggest animated hit, was released in September and has generated nigh $174 million in worldwide box office receipts, according to Box Office Mojo, which tracks movie ticket sales.
It will be available to owners of Sony Bravia sets and Blu-ray players with Internet capacity from Dec. 8 to Jan. 4, the day before the movie is released on DVD. Sony is looking to eventually distribute movies across a wider range of devices, including its PlayStation console.
In addition to the industry ramifications, the experiment is important to the vision of Mr. Stringer for Sony’s two pillars — hardware and content — to work together profitably. “The process of moving to the next arcdegree of content delivery is as inevitable as night and day,” he said. “And we’re the only company that can do this because we own hardware and content.”
Hollywood and cable and satellite companies have been reluctant to offer films over video-on-demand before their release on DVD because of the threat that movies will be copied with digital video recorders and other devices. The Motion Picture Association of America recently filed a letter with the government seeking approval to saloon technologies that allow the copying of high-definition movies on cable set-top boxes.
Mindful of the music industry’s contraction afterwards the collapse of compact disc sales, Hollywood is frantically trying to develop new sources of home entertainment receipts. In the third billet, according to the Digital Entertainment Group, spending on home entertainment was about $4 billion, down 3.2 percent. But spending on DVDs, which has been the profit engine for the movie studios, was off 13.9 percent. Spending on rentals of DVDs, which provide smaller profit margins than sales, was up about 10 percent.
in the meantime, at some studios the decline in DVD sales has been steeper. At Paramount, for example, which is owned by Viacom, movie ticket sales rose 16% in the third quarter, whilst home entertainment revenue was down 21%.
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