An exclusive gaming industry community targeted
to, and designed for Professionals, Businesses
and Students in the sectors and industries
of Gaming, New Media and the Web, all closely
related with it's Business and Industry.
A Rich content driven service including articles,
contributed discussion, news, reviews, networking, downloads,
and debate.
We strive to cater for cultural influencers,
technology decision makers, early adopters and business leaders in the gaming industry.
A medium to share your or contribute your ideas,
experiences, questions and point of view or network
with other colleagues here at iVirtua Community.
t was hardly six months ago that Sony and Hollywood were trumpeting the UMD format as an immense success: figures then put UMD movies at just under 50% of the portable's total software sales -- a number even lower than the relative shelf space given to the videos at many retailers -- and production of the videos had more than doubled to keep up with demand.
But now, as reported in this month's Edge, that early success has began to wane, with Warner Home Video, Paramount, and Sony's own Home Entertainment division announcing the first cutbacks of the format. And now, despite Sony's long-standing pledge to aggressively push the technology, Hollywood Reporter is reporting that a number of other studios are rethinking their relationship with the diminutive discs, with Paramount and Universal said to have relinquished the business completely (the April release of King Kong presumably one of Universal's final forays), citing "near zilch" sales. What's more, the article cites studio sources saying Wal-Mart may itself be dropping the format in the near future.