This is good news for DVD.
jim
HOLLYWOOD--(ENTERTAINMENT WIRE)--April 27, 1998--Paramount Home Video has decided to enter the open DVD market in 1998. The announcement was made by Eric Doctorow, president,Worldwide Home Video."Paramount has been watching the development of the DVD market for some time and we are pleased tosee it start to gain the momentum necessary for this new format to succeed," said Doctorow"We believe that DVD is a great product that has the chance to become a very important part of our business. Since any new home entertainment format gives us a terrific opportunity to re-promote our extraordinary library of films, we are truly enthusiastic about the possibilities that DVD presents.
"To support our entry into DVD, our goal is to release current titles day-and-date with VHS, along with a selection of library product, because we believe this will give DVD the best chance to succeed. Exact titles to be available, release dates and retail prices will be announced at a later date." Added Doctorow: "Furthermore, we are pleased that progress continues to be made towards obtaining legislation and the creation of anti-piracy technologies that will protect our copyrights. All of these factors have led us to conclude that now is the appropriate time for our company to enter this business." Paramount Home Video is part of the operations of Paramount Pictures, a unit of Viacom Inc.
CONTACT: Paramount Home Video, Hollywood Dorrit Ragosine, 213/956-8090 |
