I don't believe the days of Classic titles coming out on a hard format (Blu ray) are over. I think many great classic films will still be released. I also believe many great looking films will get the respect they deserve as did "The Ten Commandments" and "North By Northwest"
The studios are not making much money on classic titles.
I believe it's because:
1. Many people already own one or two copies of those titles on vhs or dvd (some even more and some 6 to 10 different versions)
2. Most consumers will buy a title once and most will probably only watch it once.
3. Many young people aren't interested in these titles (and let's face it many have not aged well
4. Many people are satisfed with the quality of their DVD
5. Not everyone has a 52" screen and see a difference
6. We are in a depression, people aren't going to buy luxary items, certain not if they already own a version and have watched it once in the last ten years.
7. Many Classic films need more work to transfer to DVD and the warts are going to show
8. Black and White films do not appeal to the younger generations
9. Most people under 40 never heard of Barbara Standwick, Clark Gable, Irene Dunne or James Cagney
10. Most people under 30 have never heard of Natalie Wood, Steve McQueen or Peter O'Toole
11. Most people under 20 have never heard of Barbara Stresiand, Robert Redford or Paul Newman.
Blu-ray sales of new film is tremendous, the studios know this.
1. Costs are already baked into the production of the film.
2. No restoration is needed.
3. Many people will buy these films because they aren't going to the theaters anymore to watch them.
4. A family of 4 can buy the newest blu-ray title for about 1/4t the cost of going to the multiplex.
5. It's available on-line or through a mail order service (which has replaced the Video store - is Blockbuster even still around?)
6. They can watch it on their cell phone while driving to work