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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: 0) by Anonymous Coward on Thursday February 02 2017, @09:00AM

    by Anonymous Coward on Thursday February 02 2017, @09:00AM (#461935)

    Exactly.

    I'm one of the few people who pay for DVDs. Every single time I decide to watch a DVD, the first five minutes is spent thinking "not this crap again, maybe I should switch to torrents like everyone else".

    The thing is, my computer is in my bedroom and the TV is in the living room. Getting torrents onto my would take some work, though with Wi-Fi, not as much as it used to. I've wondered many times, if I were to replace my DVD player with a Bluray player, would it require an internet connection to download "updates" (aka. stronger DRM)? If so, I would have to do the work to get internet to my TV anyway, and laziness would no longer be an excuse to buy rather than torrent...