Variety, August 25th, 2003
The remorseless rise of DVD is proving to be the latest nail in the coffin of the straight-to-video movie.
According to Peter Smith, president of Universal Pictures Intl. (U's London-based homevid arm), films without a theatrical release still do fine on VHS but are getting left behind on DVD. As a result, UPI has stopped buying straight to-video titles and switched its acquisitions policy toward all-rights deals.
"In the past, we have done a very significant number of straight-to-video projects, but these are not getting the benefit of a DVD lift," Smith says. "So if we're going to grow o...
HighBeam Research, Free Preview: 'U adjust focus away from straight-to-vid.(London Eye)(Brief Article)'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.
