Bye-bye, Blu-ray: Video-on-demand and streaming options are gaining on you
Up-and-coming hi-def online compression formats put even greater pressure on optical media
By Lucas Mearian
May 2, 2014 03:14 PM ET
Computerworld - The Blu-ray optical disc format, once a bastion of hope for reviving the home entertainment industry, is struggling to survive under the assault of video-on-demand and downloads.
In a new financial forecast, Sony has warned of heavy losses primarily due to its exit from the PC business and because "demand for physical media [is] contracting faster than anticipated."
In two weeks, Sony will announce its financial results. The company expects to post a net loss.
A report released earlier this year by Generator Research showed revenue from DVD and Blu-ray sales will likely decrease by 38% over the next four years.
By comparison, online movie revenue is expected to grow 260% from $3.5 billion this year to $12.7 billion in 2018, the report states.
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Quelle: www.computerworld.com/s/article/9248082/...19&pageNumber=1
Sony Announces Revision of Consolidated Forecast
for the Fiscal Year ended March 31, 2014
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Sony expects to record approximately 25 billion yen in impairment charges mainly related to its overseas disc manufacturing business.
Primarily due to demand for physical media contracting faster than anticipated, mainly in the European region, the future profitability of the disc manufacturing business has been revised. Consequently, Sony has determined that it does not expect to generate sufficient cash flow in the future to recover the carrying amount of long-lived assets, resulting in an expected impairment charge.
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www.sony.net/SonyInfo/IR/financial/fr/13revision_sony.pdf
Sony's in a 'bag of hurt' because of Blu-ray
Sony cuts earnings estimates as disc market shrinks faster than expected
By Aaron Souppouris on May 1, 2014 03:31 am
Sony is warning shareholders to expect poor financial results for its fiscal year ending March 31, 2014. The electronics giant previously expected to pull in an operating income of 80 billion yen ($782 million) over the financial year, but is today adjusting that figure down to just 26 billion yen ($254 million).
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The second charge is due to what Sony calls "demand for physical media contracting faster than anticipated," especially in Europe. Because of this, Sony says it does not believe the business will generate "sufficient cash flow in the future to recover the carrying amount of long-lived assets." It anticipates an impairment charge on those assets, and a second charge on the overall value of its disc manufacturing business, which will amount to 25 billion yen ($245 million).
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Instead of the market moving from DVD to Blu-ray, consumers began to embrace downloads from Apple's iTunes service and streaming from sites like Netflix and Hulu. Although Blu-ray is integrated with some Windows laptops, it was never offered by Apple — Steve Jobs famously called the format a "bag of hurt." With the rise of movie streaming and downloads, Sony is now accepting that its disc business is not worth as much as it hoped.
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Quelle: www.theverge.com/2014/5/1/5670786/...stment-impairment-charges
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