Warner Bros. and Universal Create New Joint Venture for physical media

[kristoffer]

More focus on physical media seems like a good thing and this statement gives me hope: "
Universal and Warner presidents Peter Levinsohn and Ron Sanders had this to say about the announcement:

“As the home entertainment landscape evolves, we are continuously working to deliver the best entertainment range and value to our fans,” said Sanders. “The physical business is still an important and active category for the industry. This proposed joint venture with Universal gives us the best opportunity to foster innovation in this business, optimize the physical offering and extend the lifespan of the format for our fans and consumers.”

“With market conditions and consumer viewing behaviors continuing to evolve, we wanted a partner who shares in our commitment to deliver the best consumer proposition going forward,” Levinsohn said. “This proposed JV presents a significant opportunity to continue to work with our retail partners to ensure the format’s strength and sustainability for years to come.”


https://thedigitalbits.com/columns/m...ts/011520-1000