Audio Video News

On May&#160;18,&#160;James D. Dunning, Jr., Chairman and CEO of the Petersen Companies, Inc., announced an agreement to acquire <I>Stereophile Magazine</I> and <I>Stereophile Guide to Home Theater</I>---two of this country's leading high-end audio and home-theater publications---as well as HI-FI '98, The Home theater & Specialty Audio Show.

Several manufacturers will be demonstrating state-of-the-art home-theater products at <A HREF="http://www.hifishow.com">HI-FI '98</A>, some of which have never been seen by the public before.

Plans by the NBC and CBS networks to transmit 1080i HDTV this fall are "suicidal," according to John Malone, chairman of <A HREF="http://www.tci.com/">Tele-Communications, Inc.</A> On May 5, at the <A HREF="http://www.ncta.com/">National Cable Television Association's</A> annual convention in Atlanta, Malone vowed that TCI won't carry HDTV in its ultimate form. A single channel of full-bore HDTV occupies the same transmission bandwidth as 12 low-resolution channels or several standard-resolution channels.

Merger news: <A HREF="http://www.IMDb.com">IMDb</A> to <A HREF="http://amazon.com">Amazon.com</A>. If this sounds like a chess move, it certainly is for a few folks at the top of the Web's food chain. On April 27, the Internet Movie Database became part of Amazon.com, the world's largest online bookseller.

Surprise, <A HREF="http://www.microsoft.com">Microsoft's</A> <A HREF="http://www.webtv.com">WebTV</A> is now the only player in the TV/Internet game. On Wednesday, April 29, NetChannel Inc. threw in the towel, announcing that it was getting out of the business of bringing the Internet into homes via set-top converter boxes. The $20-per-month service never gained a large enough following to become profitable.

On April 30, <A HREF="http://www.gi.com">General Instrument Corporation</A> and <A HREF="http://www.divatv.com">DIVA Systems Corporation</A> signed a letter of intent defining an agreement to market DIVA's OnSet video-on-demand (VOD) service on GI's DCT-1000 and DCT-1200 interactive digital-cable set-top boxes. This joint effort will enable cable operators who use the GI system to commercially deploy an OpenCable-compliant implementation of the OnSet VOD service by this fall.

Trekkers, rejoice! <A HREF="http://www.paramount.com">Paramount Home Video</A>, owner of the Star Trek franchise and Indiana Jones movies, will release open-format DVDs this year, the company announced Monday, April 27. The decision comes two weeks after <A HREF="http://www.blockbuster.com/">Blockbuster Music & Video</A> announced that it would begin a big push with DVD rentals. The growing popularity of DVD was a major factor in both decisions: Consumer-electronics industry analysts predict that there will be as many as one million DVD players in American homes by the end of 1998.