The present and future of post production business and technology | Philip Hodgetts

Archive for August 26th, 2010

Aug/10

26

Blockbuster plans mid September Bankruptcy.

Blockbuster tells Hollywood studios it’s preparing for mid-September bankruptcy – LA Times http://bit.ly/cktTTb

Coming as no surprise after losing $1.1 billion in the last few years, and after closing 1000 stores, Blockbuster has been caught between business models: streaming and avoiding the store all together, and the Redbox cheap (and in convenient locations) machines.

Blockbuster post bankruptcy plans on increasing “non-store” revenue (streaming and kiosks).

I guess there’s a role for the store in movie rentals? But when Netflix delivers from a selection approaching 100,000 titles, and the average Blockbuster carries just 5000 titles, how can it really compete?

The studios would likely be protected from any significant losses on payments Blockbuster might owe them at the time it files for bankruptcy under the proposed plan. But they would lose revenue from any stores shut down.

The parties most impacted would be Blockbuster’s junior debt holders and the landlords of leases that would be canceled under the proposed bankruptcy. It remains to be seen whether they would attempt to challenge a plan that left them with a fraction of what they are owed.

After delisting the company is worth only $24 million with a massive debt attached.

New Numbers Reveal: Cord Cutting Is Real http://bit.ly/920KcM

I’d love to believe that “cord cutting” – dropping a cable subscription in favor of web delivered video – is growing and that Internet distribution is a raging success. Except it’s not. At least not yet.GigOm quote some statistics – and for sure this is the biggest quarterly drop that cable subscription numbers have experienced  – but the reality is:

… much of those losses seem to be attributable to customers who subscribed to pay TV early last year due to the broadcast digital transition. Now these customers see the prices for their introductory packages going up, and quite a few of them have decided not to stick around.

Another GigOm post says that “45% of TV viewers get their shows online,” which makes a great headline, until you read the body of the article:

Almost half of all consumers watch TV content online every week, according to a new study released by the Ericsson ConsumerLab today

Watching a single video on YouTube would qualify you in that 45% so there’s no news there, particulalry when the same article presents:

However, linear TV content still reigns supreme: 93 percent watch plain old television every week.

So, watching online video doesn’t diminish the watching of conventional Television.

There are definitely “cord cutters” out there – ourselves among them – who have dropped cable or satellite (and over the air).

As an aside I couldn’t help noting the end of the article:

Apple, on the other hand, should be encouraged by Ericsson’s findings. 37 percent of consumers are very interested in a touch-screen tablet as a remote control for their TV.

That’s what I said months ago. It’s the logical solution to the problem.

If you want to give it a go (cord cutting) Salone has an article today Cut the cord: A guide to free TV but that article’s point one is to “adjust your expectations”! Right.

The most sane commentary on the subject in the last day or so comes from Silicon Alley Insider’s Judge The Success Of Web Video By Real Business, Not Hype Like “Cord Cutting.” I’m big on “real business results” since that’s what ultimately we judge on. The always sensible Dan Rayburn (president of StreamingMedia.com) concludes a very long and excellent counterpoint to the unreasonable optimism from “online video” proponents with:

Notice almost no analyst talks about what’s taking place today? It’s almost always about the future and three or four years away yet there are plenty of opportunities right now. This industry survived the crash in 2000 because expectations were re-set and consumers, vendors, VCs and others all came back down to reality of what was real and what was hype. Many of us don’t want to see the industry go through another correction like that, even though in the long run, it was the best thing that could of happened at the time. It will sound odd to some, but for those in the industry at that time, they will most certainly agree with me that our industry needed to go through that in order to survive and be where it is today.

Don’t let the hype in this industry become the metrics for how we judge true success in the market.

Aug/10

26

US movie tickets get biggest price hike in history!

US movie tickets get biggest price hike in history http://bit.ly/bcGiRu

If the US cinema industry was really under pressure there’s no way they could get away with a price hike! Despite the wailing of the MPAA, movie revenue continues to set new records every year. Whatever problems they have are their own business model ones.

Don’t weep for the movie biz. While still concerned about camcording and P2P piracy, the industry has been hauling in the cash at the box office. 20072008, and 2009 all set new historic highs for movie theater revenue in the US and Canada, and 2010 looks poised to do even bigger business.

Aug/10

26

Japan develops ‘touchable’ 3D TV Images

Japan develops ‘touchable’ 3D TV images http://bit.ly/cCu9kB

Touchable in the sense that the images react to being touched, poked, distorted etc, by using cameras to determine where hands are. They are not claiming (as far as I can see) that the viewer can “feel the image”

 

RT @ccrask: HUGE NEWS via @ NewTeeVee MPEG LA: H.264 Streaming Will Be Free Forever http://dlvr.it/4Gp93 No reason not to be HTML5 as the default but the open source purists will find a way.

It’s late. Read the article. It’s good news.

August 2010
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