Update: NYT on the closing of Warner's DVD business
2008/11/20 00:34New York Times’ Saul Hansell blogged about the closing of Warner Bros’s DVD business and had some more data about the state of their business in Korea after interviewing some Warner executives:
At the beginning of this year, Warner started making a lot of its movies available through several services in South Korea that offer pay-per-view movies over the Internet. Some of these allow movies to be watched on personal computer screens. But many are part of Internet pay TV systems that connect to televisions through set top boxes. A high-definition on-demand movie in the country costs about $2.
In just a few months, these Internet rentals were making more money for the company than its DVD business.
They also attributed part of the problem to the high cost of DVD players in Korea.
Korea Telecom recently started broadcasting terrestrial television content in hopes to get more customers to their Mega TV Internet protocol television (IPTV) service.
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