Last year Time Warner, corporate parent of Warner Brothers, set up Warner China with China Film Group and Hengdian Group to sell movies for prices equivalent to around $1.50 just a few days after they're released in theaters. Since then Fox has also made plans for similar Chinese releases, but with prices closer to $3 per disc, which is also what Paramount plans to sell their DVDs for. As Fox's international home-entertainment manager Keith Feldman said last November, "It comes down to our ability as marketers to convince the Chinese consumer it's worth spending the money."
"We're committed to developing a legitimate market in China, and having two more Hollywood studios gives us more critical mass," Warner Bros. managing director of China distribution, Tony Vaughan, said in a news conference.
Source: Ars Technica
Written by: Rich Fiscus @ 7 Nov 2007 23:49