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Sony Writes Down $977 Million in its Movie Business, Blames DVD and Blu-Ray Decline

posted by martyb on Wednesday February 01 2017, @11:48AM   Printer-friendly
from the who-buys-discs-these-days? dept.

takyon writes:

Sony has written down $977 million in its movie business, blaming a decline in physical media sales:

In a Monday statement to investors, the company attributed the "downward revision... to a lowering of previous expectations regarding the home entertainment business, mainly driven by an acceleration of market decline." [...] "The decline in the DVD and Blu-ray market was faster than we anticipated," Takashi Iida, a Sony spokesman, told Bloomberg News.

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  • (Score: 2) by Nerdfest on Wednesday February 01 2017, @01:12PM

    by Nerdfest (80) on Wednesday February 01 2017, @01:12PM (#461635)

    That's funny, I boycotted BluRay as well, and stopped buying DVDs at the same point. It just got too annoying.

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