Posted September 18 2005 - 12:32 PM
Here is an interesting article. We might be getting more Nick Rewind titles quicker than we thought. This article is about Paramount speeding up DVD releases.
Paramount to step up DVD premieres
Plans to leverage 'iconic' brand and build up film labels
SEPT. 13 | Viacom co-chief operating officer Tom Freston told investors Tuesday that Paramount Home Entertainment would step up development of DVD premiere movies and that the company has yet to fully realize its full potential in home video.
Speaking in Pasadena, Calif., at the Merrill Lynch Media and Entertainment Conference, Freston said the studio’s new film development model, meant to restore the “iconic Paramount brand to what it was,” includes building new film labels around MTV and Nickelodeon for the production of theatrical and DVD premiere movies.
Paramount still has a large film and TV library that has yet to be released on DVD, and the studio is looking at making DVD premiere acquisitions to add to its slate. Freston said the studio has yet to fully realize the upside on DVD because it has been slower to release films from its library than some of its rivals.
Freston talked down recent reports of a growth slowdown in DVD.
“That growth really should continue for quite awhile, as far out as we can see with higher growth in the international market,” he said.