ID :
29486
Mon, 11/10/2008 - 19:43
Auther :
Shortlink :
https://www.oananews.org//node/29486
The shortlink copeid
Warner Brothers to close home video business in S. Korea
SEOUL, Nov. 10 (Yonhap) -- Warner Brothers, one of the world's largest producers
of film and television entertainment, is to end its home video business in South
Korea, citing rampant piracy, officials said on Monday.
"As of Dec. 31 this year, the home video and DVD business in South Korea will be
shut down," said an official at the Warner Brothers Home Video Korea. "One of the
reasons for the pullout is a slump in the video and DVD market, resulting from
online piracy and illegal downloading."
Warner Brothers is the last remaining Hollywood company to withdraw its home
entertainment business from South Korea.
"We are to focus on our digital distribution 'pre-DVD' business," the official
said.
In October, Warner Brothers studios announced plans to become the first in
Hollywood to make movies available through VOD in South Korea two weeks before
DVD releases.
More than 94 percent of households in South Korea are reported to have broadband
connections.
According to the Korean Film Council, more than 47 percent of people surveyed
said they download movies from the internet at least once a year.
ygkim@yna.co.kr
(END)
of film and television entertainment, is to end its home video business in South
Korea, citing rampant piracy, officials said on Monday.
"As of Dec. 31 this year, the home video and DVD business in South Korea will be
shut down," said an official at the Warner Brothers Home Video Korea. "One of the
reasons for the pullout is a slump in the video and DVD market, resulting from
online piracy and illegal downloading."
Warner Brothers is the last remaining Hollywood company to withdraw its home
entertainment business from South Korea.
"We are to focus on our digital distribution 'pre-DVD' business," the official
said.
In October, Warner Brothers studios announced plans to become the first in
Hollywood to make movies available through VOD in South Korea two weeks before
DVD releases.
More than 94 percent of households in South Korea are reported to have broadband
connections.
According to the Korean Film Council, more than 47 percent of people surveyed
said they download movies from the internet at least once a year.
ygkim@yna.co.kr
(END)