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Tuesday, March 31, 2009
'Twilight' Top-Selling Disc of the Year

With sales hitting 5.6 million units at the end of this weekend, Summit Home Entertainment’s Twilight is now the top-selling home entertainment release of the year, according to Home Media research.

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Blockbuster CEO Got 50% Raise in 2008

Blockbuster Inc. reported a $374 million loss in fiscal year 2008 (ended Jan. 4), a 4.6% revenue decline to $5.29 billion, and a 60% drop in stock valuation, but that didn’t keep CEO Jim Keyes from earning $8.4 million in compensation, up more than 49% from fiscal 2007.

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Hulu Disney Content Headed to Hulu, Clips to YouTube

The Walt Disney Co. is reportedly in negotiations to acquire a stake in Hulu, the digital streaming site co-owned by News Corp. and NBC Universal.

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Netflix Netflix to Raise Blu-ray Prices, Stock Surges

Online DVD rental pioneer Netflix March 30 said it would begin charging subscribers of Blu-ray movies upwards of 24% more per month to rent the high-definition format.

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Online Video to Benefit from $9B Time Warner Cable Split

Time Warner Inc. intends to spend some of the $9.25 billion dividend from the April 3 split from Time Warner Cable on a variety of online video projects, including the previously announced “TV Everywhere” initiative, according to a March 30 company-wide memo from CEO Jeff Bewkes.

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