Tuesday, May 12, 2009

Priced to Own: Time's Up for the Video Store?

With Virgin Megastore closing in the upcoming weeks, Netflix fast running local video stores out of business, the rise of streaming media online, the continued hubbub about piracy, and the still-uncertain introduction of Blu Ray discs, the fate of the DVD is certainly questionable. Nor is VHS as "obsolete" as many would think: many films are still unavailable on a digital format, and with the industry in such a state of flux, the once assured market for obscure films on home video is no longer a guarantee. That doesn't stop stores from practically giving away VHS tapes of otherwise impossible-to-find movies like King Vidor's (1920), which I found for $3 at I-won't-say-where and have never seen on eBay or Amazon (or in any other stores). In the midst of all this, two of Hollywood's oldest surviving studios, MGM and Warner Bros., are continuing to roll out old movies from their vaults in restored editions on DVD, but both are using drastically different means that belie the uncertainty of the home video market....

Read the full piece at The L Magazine.

1 comment:

writing a good research paper said...

I think in addition to the Megastores, the French company Lagardère Group operate Virgin branded stores in travel locations around the world, known as Virgin Books and Music.