Slowing DVD sales could sink studios
FROM CONTENTAGENDA: Analyst says Q4 starting slower than expected
By Paul Sweeting of ContentAgenda -- Video Business, 11/27/2007
NOV. 27 | FROM CONTENTAGENDA: Slowing sales of DVDs is undercutting studio profits and could eventually impact the valuations of several major media companies, a Wall Street analyst said Monday.In a note to clients, Natixis Bleichroeder senior entertainment analyst Alan Gould said early results from the fourth quarter point to softer-than-expected sales of movie and TV shows on DVD.
“Given the strong summer at the box office, the industry was expecting very strong fourth quarter home video sales,” Gould said. “However, the initial read on fourth quarter video releases has been somewhat disappointing.”
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