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Posted by Gunther Gloop on 11/23/05 18:34
I wonder which titles we'll see reduced -and when -and by how much?
The following according to imdb...
( http://www.imdb.com/news/sb/2005-11-22/#3 )
Prices Of Older DVDs Being Slashed for Holidays
Membership warehouses and giant consumer electronics stores have slashed
prices of older DVD titles to about $5.00 and public-domain titles to about
$1.00 for the holidays, the Los Angeles Times reported today (Tuesday). The
tactic has upset several home video distributors, the newspaper observed.
Steve Beeks, president of Lions Gate Entertainment, told the newspaper,
"Price reduction is a sound part of any marketing strategy ... but it's a
matter of balance. You don't want to drop prices to maintain sales level --
we're in it for the long run." But Gary Arnold, an executive at Best Buy,
said that retailers must do something to offset falling sales of newer DVDs.
"The challenges Hollywood faced attracting people to the box office have
transferred to the DVD world," he said.
-Kevin.
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Reply to: news@SPAMBEGONEgunthergloop.com
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