Kaleidescape, manufacturer of high-end premium movie players and servers, reportedly is ceasing operations and looking for a buyer. Founder and CEO Cheena Srinivasan disclosed the situation in an interview with CEPro.com.
In the digital age, transactional VOD and electronic sellthrough are supposed to supplant packaged media and deliver even greater margins to studios. Consumers, however, are not on the program, according to new data from research firm GfK.
Best Buy Aug. 23 reported an 18% decline in same-store entertainment sales in the second quarter, ended July 30. That compared with a 2% dip during the previous-year period. Domestic entertainment revenue topped $394 million, compared with $473 million a year ago.