Studios hit with homevideo slump

Domestic box office hit a record $10.6 billion in 2009 according to the MPAA and is on track to soar even higher this year. Worldwide box office hit $29.9 billion in 2009, up 7.6% over 2008.

The Blu-ray disc biz also boomed in the first quarter of 2010 vs. the same period last year, with sell-through up 74% and rentals up 36%, per trade org Digital Entertainment Group. Digital distribution, including download purchases and VOD, rose 27% to $617 million.

So why are the studios capping star salaries, laying off workers and squeezing suppliers?…

https://www.variety.com/article/VR1118018573.html?categoryid=13&cs=1

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