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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 FatPhil on Thursday February 02 2017, @02:27PM

    by FatPhil (863) <{pc-soylent} {at} {asdf.fi}> on Thursday February 02 2017, @02:27PM (#461979) Homepage
    Curiosity got the better of me - Paramount's 2016 Metascores.

    Everybody Wants Some: 83
    Arrival: 81
    Silence: 79
    Fences: 78
    10 Cloverfield Lane: 76
    Florence Foster Jenkins: 71
    Star Trek Beyond: 68
    Allied: 60
    Whiskey Tango Foxtrot: 57
    13 Hours: 48
    Jack Reacher: 47
    Be Somebody: no metascore, but http://www.imdb.com/title/tt5512872/ratings makes it look like it's pretty bad (you can almost always ignore thosewho give 1 and 10)
    Office Christmas Party: 42
    Teenage Mutant Ninja Turtles: 40
    Ben Hur: 38
    Zoolander 2: 34

    Which looks like the same amount of dross, a similar amount of mediocre, but a whole bunch of pretty damn good. This makes Sony look bad, as predicted - good call!
    Someone else can do another studio...
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