Tag: DVDs
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The Death of DVDs & Blu-Rays? One of The Largest Distributors Will Stop Selling Them Soon
One of the largest distributors of DVDs and Blu-rays has said it plans to stop selling them soon. Ingram Entertainment told Media Play News that it will get out to the business. “Expenses are exceeding sales [so it’s] time to exit,” Ingram Chairman and CEO David Ingram said. “Every associate who fulfills their obligations and…
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Sony Just Wrote-Off $1 Billion Because of Poor DVD Sales
In just one more sign up of everything changing Sony took a staggering $1 billion loss thanks to poor sales of packaged software such as DVDs. “We knew the movie [business] isn’t in good shape, but the write-down was a total surprise,” Damian Thong, an analyst at Macquarie Securities told MarketWatch. But maybe this should…
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Only 11% of Netflix Subscribers Use the DVD-by-Mail Service
Netflix released their first quarter stock earnings letter, and we found out some fun new facts. Netflix has grown to over 60 million subscribers, and, assuming every subscriber represents at least two people in an average household, that means 120 million people pay for Netflix. However, only 5.5 million of the 60 million Netflix subscribers…
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Word is Netflix May Be Canceling DVDs
Netflix customers are reporting shockingly long waits for DVDs rentals. On everything from new releases to movies that have been out for years. The current theory for the cause of the longer wait times is that Netflix is ordering fewer DVDs in preparation of canceling the service. Many people also believe Netflix is not replacing…