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The DVD business is expected to post its first-ever year-over-year decline since the rise of the format a decade ago, with analysts expecting a drop of about 2 percent.
DVDs are one of the movie industry’s biggest sources of revenue, The New York Post writes.
Total home video revenues, including DVD and VHS, are expected to be around $23 billion, down from $24 billion last year.
Fourth quarter results are grim despite a strong box office season, according to Ars Technica, which points to a nearly 30 percent reduction in per-film DVD profits.
Alan Gould, an analyst with Natixis Bleichroeder, says that a major movie could sell 20 million DVDs in the past, but today, top movies struggle to hit the 10 million mark.
The not-unexpected slip can be attributed to saturation, advances in technology like video on demand/pay-per-view and internet downloading, and competition from video games.
Katz Media Group has added another new client, Lincoln Financial Media, and will sell ad time on the company’s 15 stations beginning immediately.
Katz also added CBS Radio and Entercom last week, picking them off from Interep’s list.
Katz has also…
Last week, Aegis Group CEO Robert Lerwill resigned unexpectedly, sparking speculation that a takeover may be on the horizon.
Lerwill stepped down officially today (Monday), with Aegis chairman John Napier taking over his duties on an interim basis, writes MediaPost. People…
Out-of-home companies are bracing for the recession like everyone else, but they may not feel the sting as badly as other media.
Though the third quarter brought negative growth to the nation’s three largest OOH companies - Clear Channel Outdoor,…
The 82nd annual Macy’s Thanksgiving Day Parade pulled an average 12.6 rating/26 share on Thanksgiving morning, Nov. 27, according to Nielsen.
That was 8% higher than its telecast last year, Mediaweek writes. NBC estimated that a total 44.7 million viewers…
Time magazine ousted Cosmo as the top magazine for college students in this year’s Anderson Analytics fall survey.
Time also jumped past People, which was last year’s No. 2, writes Ad Age. A Time spokesperson said the magazine did not run…
Email, news gathering and paying bills continue to be the most widely used online activities among U.S. adults, but downloading TV programs, watching videos and making web phone calls posted the biggest overall growth, according to data from Mediamark Research…
