Early indications don't look promising for <A HREF="http://www.circuitcity.com/">Circuit City</A>'s pay-per-view alternative as the DVD/Divx war begins to heat up in earnest. Recently, a neutral, informative <A HREF="http:www.abcnews.com/sections/tech/dailynews/divx980917.html">introducti... to Divx by Chris Stamper appeared on the ABC News website. Stamper's story included an opportunity for readers---who, presumably, had read the piece and were now reasonably well-informed about Divx---to vote on whether or not they would spend $449.99 for a Divx player.
As applied to Hollywood's profits and losses, creative writing could soon become a much more difficult craft. On September 18, a new set of strict accounting guidelines for film studios was taken under consideration by the Financial Accounting Standards Board, a movie-industry panel that establishes rules for accountants. The new standards are designed to bring Hollywood accounting more into line with standard business practices, or "to make the balance sheet tighter, more representationally faithful," as Standards Board project manager Frank Scheuerell puts it.
Akira Kurosawa is gone, but his legacy lives on in repertory cinema houses around the world and on video. The man whom Steven Spielberg called "the pictorial Shakespeare of our time" died of a stroke at his home in Tokyo on September 6. He was 88.
An otherwise good year for <A HREF="http://www.circuitcity.com/">Circuit City</A> could be marred by the debut of Divx. On August 31, the Richmond, VA-based company announced that earnings for the most recent quarter of their fiscal year would increase from 44 to 46 cents per share, up primarily on the sales strength of DSS, computers, wireless and mobile electronics, and major appliances. However, investments in Divx could reduce earnings substantially for the second half, during which the pay-per-view DVD alternative will get its official launch.
Later this month, more than 500 of <A HREF="http://www.blockbuster.com/video">Blockbuster Video</A>'s approximately 6000 stores will install rental kiosks stocked with DVD players from <A HREF="http://www.philips.com/">Philips Consumer Electronics</A>. Participating stores will also expand their selection of DVDs to more than 350 titles for rent and 150 for sale.
Video stores decked out like ships, replicas of the doomed ocean liner carved from huge blocks of ice, memorabilia priced off the chart---it was all part of the seemingly endless hysteria surrounding James Cameron's <I>Titanic</I> as the first video copies hit the street last week. Stores remained open late to serve eager fans, who waited in long lines to buy the film when it went on sale at 12:01 am, Tuesday, September 1. According to Bruce Apar, editor of <I>Video Business</I> magazine, "Inarguably, <I>Titanic</I> is the biggest video event in years. This is the kind of marquee title that gets people into the stores to buy other titles as well."
Satellite broadcasting will be first out of the chute with HDTV. While local broadcasters scramble to comply with FCC mandates to be HD-ready by 1999, satellite services are almost there. On August 25, U.S. Satellite Broadcasting (USSB) announced that it will lease transponder space from DirecTV at the 95°W fixed location so it can begin transmitting HDTV previews. DirecTV will also beam HD programming from the same satellite.
New music revitalizes old movie: the Kronos Quartet has just completed an intense eight-day recording session at Lucasfilm's Skywalker Ranch studio in Marin County, north of San Francisco. The Quartet laid down a Philip Glass score for a reissue of <I>Dracula</I>, the 1931 horror flick starring Béla Lugosi. The effort is part of a <A HREF="http://www.mca.com/home/">Universal Home Video</A> project that will bring classic early horror films to a new audience.
Ongoing financial losses to the Indian film industry from widespread video piracy provoked a one-day strike last week in the city of Bombay. On Tuesday, August 14, about 5000 people---including actors, producers, directors, and technical workers---streamed into the city's business district in a protest march from the suburb of Bandra. The strike was led by the Film Makers Combine, an industry association that called on the Indian government to step up enforcement of copyright laws.