Warner Bros. Slashing Movies, Pushing Blu
Interesting times in Hollywood. As movie budgets grow and grow, Warner Bros. has announced they're cutting the number of films they'll produce in half for 2009. Where's their money gonna come from?
In a story in Home Media Magazine, the CEO of Time Warner, Inc. said that his studio "will focus on building wider consumer adoption of Blu-ray, expanding video-on-demand with simultaneous DVD and other electronic distribution."
It's interesting to note that cable VOD was three-times more profitable than DVD rentals. The CEO also said they saw more profit from DVD than from box office revenue.
Our question is: if they don't make movies, what content are they going to put on those Blu-ray discs? -Leslie Shapiro