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Worries about HD format war shortsighted, says report

January 24th, 2007 · No Comments

Don’t write off hi def packaged media just yet. Despite reservations about the ongoing HD DVD/Blu-ray format war, a new study by Adams Media Research, which sets out to examine film revenue streams from 1996 through 2010, predicts that the major Hollywood studios will pocket upwards of 42 billion dollars worldwide from HD discs by 2010. The pessimistic outlook of many current studio bosses is as shortsighted as Hollywood’s reluctance to enter the video tape market back in the early Eighties, says AMR chief Tom Adams.

Tags: HD DVD and Blu-ray · Trade

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