Box Office Boost2 Aug, 2006 By: Stephanie Prange
Being ignored in much of the doom and gloom pervading the studios is the stronger box office performance this year.
That's why I was glad 20th Century Fox Home Entertainment's Mike Dunn pointed out that the second half of the DVD year (boosted by a strong box office in the first) will be up 5%.
“Better movies make for a better DVD market,” he noted.
The DVD business has had the added growth of catalog and TV DVD to boost it over the past few years — smoothing out the ups and downs of the movie business — but now more than ever the hits coming out of the theatrical pipeline are preeminent. In a mature industry, the new release arena is what will drive DVD until Blu-ray or HD DVD take off and allow the studios to sell catalog all over again.
Here's hoping that a strong second half will lead to a happy new year for the video industry.