Home theater just keeps getting better. New products from <A HREF="http://www.toshiba.com">Toshiba,</A> <A HREF="http://www.meitca.com">Mitsubishi,</A> and other companies promise huge improvements in picture quality and greater system flexibility. For example, Toshiba's ColorStream PRO technology in its Platinum Standard SD7108 DVD-Video player preserves the MPEG-2 480-line progressive video scanning inherent in DVDs and outputs it directly to one of the company's new Cinema Series projection TV sets, such as the 71-inch TP71H95.
Divx, Circuit City's pay-per-view DVD format, may be dead, but DivX, a new video-copying phenomenon, is alive and well. The hacker-developed technology is said to allow copying and transmission of "high-quality pictures" over the Internet in much the way MP3 audio files can be shared by music fans. With DivX and a broadband connection, a full-length film can be downloaded in a few hours and stored on a recordable CD, according to several reports in late March.
Hollywood studios, independent production companies, and video store owners are whistling all the way to the bank, thanks to a resurgence in rentals driven by the increasing popularity of the DVD format. Rental revenue increased 4% during the first six months of 2003, according to figures recently released by the Video Software Dealers Association (<A HREF="http://www.vsda.org">VSDA</A>) (VSDA). The upswing is the first for rentals in years. According to research conducted by the <A HREF="http://www.hollywoodreporter.com"><I>Hollywood Reporter</I></A>, in the first half of the year, the home video industry has exceeded $10 billion in revenue and should top $22 billion by December 31.
Your local mom-and-pop video store might be on its way to extinction because of pricing benefits offered to large chains, complained the Independent Video Retailers Group last week at the <A HREF="http://www.vsda.org/">Video Software Dealers Association</A> trade show and conference in Las Vegas. According to the independents, mass-market outlets like <A HREF="http://www.blockbuster.com">Blockbuster</A> are given an unfair advantage by movie studios eager to increase rentals by putting more copies of hit movies in stores.
Video-on-demand (VOD) is coming soon to more than 1.2 million homes in Los Angeles, courtesy of <A HREF="http://www.chartercom.com/">Charter Communications, Inc.</A>, the fourth-largest cable operator in the US. Charter has completed an agreement with Redwood City, CA–based <A HREF="http://www.divatv.com/">DIVA Systems Corporation</A> to provide VOD software and hardware for customers in Long Beach, Pasadena, Alhambra, Monterey Park, Glendale, and Burbank.
A<B>ugust 10</B><BR>Vidikron of America, Inc. has now announced that it has obtained a credit line to replace its obligation to PNC Bank. As previously announced, Vidikron reported that PNC Bank had exercised its right of setoff against the funds in accounts maintained at the Bank. Vidikron says that with its new funding in place, the Company is now in a position to satisfy its obligations and continue its operations.
One of the most respected makers of video projectors is back in action. On August 31, Vidikron of America announced that it has been sold by its parent company, Vidikron Technologies Group, Inc., to a group of international financial investors. Vidikron of America is now an independent company for the first time in its 11-year history. The investment group backing the company has access to funding in excess of $250 million, according to VOA's public relations agency, JB Stanton Communications, Inc.
Direct broadcast satellite (DBS) service <A HREF="http://www.echostar.com">EchoStar Communications Corporation</A> and French multimedia conglomerate <A HREF="http://www.vivendi.fr">Vivendi Universal, SA</A> have entered an alliance that should benefit both of them.
One of the hottest buzz phases in telecommunications is "video-on-demand," a service that allows customers to plug into the universal content library and watch anything they wish whenever they wish. VOD and interactive television (ITV) are the twin holy grails of cable companies and Internet service providers.