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Sony’s in a ‘bag of hurt’ because of Blu-ray

Posted on May 1st, 2014 at 18:39 by John Sinteur in category: Intellectual Property -- Write a comment

[Quote]:

Sony is warning shareholders to expect poor financial results for its fiscal year ending March 31, 2014. The electronics giant previously expected to pull in an operating income of 80 billion yen ($782 million) over the financial year, but is today adjusting that figure down to just 26 billion yen ($254 million).

[..]

The second charge is due to what Sony calls “demand for physical media contracting faster than anticipated,” especially in Europe.

Well… if the choice is between stuff like netflix or your Apple TV starting a movie in seconds, or loading a disc and waiting through minutes of unstoppable legal threats, trailers and disclaimers just to get to the main menu…

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