C-Cube Message Board - Msg: 2711446

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Technology Stocks : C-Cube

CUBE 35.58

-2.0%

Dec 9 3:59 PM EST

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To: Greg Cervelli who wrote (25182)	11/12/1997 9:32:00 PM
From: John Rieman	of 50808

Fox to release DVD titles. Divx upfront cash was an offer to good to refuse........................................ From the November 10, 1997 issue of Video Business magazine: "20th Century Fox Home Entertainment plans to release its first DVD titles in early 1998, it reportedly told members of the National Association of Video Distributors that it and other studios met with Nov. 6 in Los Angeles..." "...Fox reportedly told distributors of plans to issue three waves of 12 titles each in the first half of 1998, including "Independence Day" and top catalog product, at $29.98 each, A Fox spokesman told Video Business, 'It will be news when and if we ever decide to enter the DVD market. Speculation has long been our industry's favorite pasttime.'" "Paramount said it still has no release plans for open DVD." Regarding Divx, also from the same article: "...Sources at the meeting said representatives of studios that have committed to Divx expressed serious doubt about the encrypted format's potential, but said the tens of millions of dollars guaranteed them up-front by Divx was too good to refuse."

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