“Sony Corp. won the home movie DVD format war, but the consumer-electronics giant faces an even tougher battle persuading shoppers to buy Blu-ray discs in an industry which is looking to the download era,” Kiyoshi Takenaka reports for Reuters.
“But Sony has become heir to that fortune at a time when more consumers are bypassing stored movies and games altogether and downloading them,” Takenaka reports.
“‘We believe it is highly likely that the Internet will become the mainstream method of distributing visual content, in the same way as with music,’ Mitsubishi UFJ Securities analyst Yukihiko Shimada said in a research note,” Takenaka reports.
“Industry specialists say, however, it will be quite some time before telecommunications infrastructure becomes strong enough to allow people to download high-resolution feature-length movies with reasonable time and costs,” Takenaka reports.
“Sony does have its eye on this market too. Sony CEO Howard Stringer said in December he sees its PlayStation 3-based online content distribution service, the PlayStation Network, as a key growth driver for the Japanese company,” Takenaka reports.
Full article here.
[Thanks to MacDailyNews Reader “balanced” for the heads up.]