This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Warner Bros. Picks Blu-ray DVD Format

Time Warner's Warner Bros. Entertainment unit announced Friday it would start releasing high-definition DVDs exclusively using Sony's (SNE - Get Report) Blu-ray DVD format.

The news is a major victory for Sony as it attempts to make Blu-ray the high-definition standard over rival Toshiba's HD-DVD format. Sony Pictures, News Corp.'s 20th Century Fox and Disney (DIS - Get Report) already have decided to use Blu-ray exclusively. That leaves Viacom's (VIA - Get Report) Paramount and GE's Universal as the only HD-DVD boosters among the major Hollywood studios.

Don't Bet on Blu-Ray

Warner Bros., which until now has produced titles in both formats, said it would continue to release HD-DVDs until the end of May, after which it will stop producing them.

High-definition DVD adoption has suffered because consumers have been confused about which standard to choose. Players using one standard are unable to play DVDs made using the other standard.

"The window of opportunity for high-definition DVD could be missed if format confusion continues to linger," said Barry Meyer, chairman and CEO of Warner Bros. "We believe that exclusively distributing in Blu-ray will further the potential for mass-market success and ultimately benefit retailers, producers, and most importantly, consumers."

Shares of Sony closed down $1.93 at $52.42 Friday following a broad market selloff. Shares of Time Warner ended the session down 42 cents at $15.91.
This article was written by a staff member of TheStreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
DIS $101.84 2.60%
GE $24.94 3.90%
NWS $13.79 2.70%
SNE $25.79 3.00%
TWX $72.78 2.00%

Markets

Chart of I:DJI
DOW 16,597.21 +311.70 1.91%
S&P 500 1,972.11 +31.60 1.63%
NASDAQ 4,775.7390 +78.2030 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs