Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Nimbus CD International -- Ignore unavailable to you. Want to Upgrade?

To: Don Dorsey who wrote (1310)	1/15/1998 1:06:00 PM
From: jmc	Read Replies (1) \| Respond to of 1673

Warner Home Video DVD revenues top $50 million Warner Home Video Thursday said 1997 wholesale revenues from new digital video discs reached $50.6 million, with more than three million discs sold to retailers, marking a strong start for the new products.ÿ ÿ ÿDVD'S PERFORMANCE has been strong, and our numbers prove it," Warren Lieberfarb, president of Warner Home Video, said in a statement. "Driven by sales of both new releases and catalog titles, we had total revenues of over $50 million, and we expect 1998 to be even better." ÿ ÿ ÿ ÿWarner Home Video is a unit of Time Warner Inc., the world's largest entertainment company. ÿ ÿ ÿ ÿDVD is a new technology that allows movie playback on televisions using a DVD player, much like VCRs play videotapes. But the DVD uses a 5-1/2 inch disc like an audio compact disc instead of videotape, and because it is a digital format versus analog tape, the picture is sharper and the sound is clearer. ÿ ÿ ÿ ÿDVDs were launched last spring to huge fanfare, but it was not until the fall that all the movie studios in Hollywood announced plans to issue movies in the new medium. ÿ ÿ ÿ ÿWarner said sales of new movies on DVD totaled $9.6 million, whereas sales of movies in the Warner catalog that were re-issued in DVD generated $40.6 million in revenues. ÿ ÿ ÿ ÿThat distinction is important because many studios see the new format as a way of generating new income from old product. ÿ ÿ ÿ ÿIndeed, the top five sellers were all old movies, "Batman & Robin" with 91,521 units sold generating $1.48 million in wholesale revenues; "Twister" with 86,840 units sold generating $1.41 million; followed by "Eraser" (79,806 units), "Blade Runner" (64,791) and "The Fugitive" (61,093).