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Hollywood Reeling From DVD Slump

Disappearing profits threaten movies, star deals

By Peter Fearon, Newser Staff

Posted Jan 16, 2009 6:40 AM CST

(Newser) – Hollywood studios are faced with huge losses because of a 21% slump in DVD sales and the fallout from the crisis on Wall Street, reports the Financial Times. Studio heads have been forced to cut back on the number of new movies in production and... Read full story »

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Hollywood Reeling From DVD Slump

Disappearing profits threaten movies, star deals

Hollywood • Viacom • Steven Spielberg • NBC Universal • DVD • Sony • Paramount • studios • News Corp • Blu-ray • recession depression

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More Newser Stories

Spielberg Pays Bills for Ailing DreamWorks

Credit crunch forces director into personal bailout for studio

DreamWorks Near Bollywood Alliance

Deal would speed Spielberg team's Paramount departure

Why Can't They Just Get Along?

Inside the bitter feud that's breaking up Dreamworks and Paramount

Speilberg & Paramount Head for Divorce

Unhappy DreamWorks director will likely seek new backer

Blockbuster Bets on Blu-Ray

It's Betamax all over again as rental giant abandons rival HD DVD format

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