Warner- Bewkes new CEO January 2, 2008 - Discuss

[Sonar5]

Originally Posted by JAGUAR1977

When WB were HD-DVD exclusive.


'Meanwhile, Sony's camp received help winning over one influential studio from an unlikely source. Raider Carl C. Icahn, one of Time Warner's largest shareholders, began pressuring the studio to find ways to boost its stock price earlier this year. Despite Time Warner's long alliance with Toshiba, CEO Richard Parsons asked Jeff Bewkes, chairman of the company's entertainment unit, to reconsider the best way to recharge DVD sales. Bewkes decided that the studio should forget appearances and back Blu-ray if it was the format most likely to win consumers' hearts. "Blu-ray's potential for more capacity started looking better and better," said one Hollywood executive.'

Bewkes said that back in about October 2005, quite a long time ago and IMHO, not very relevant to be used as a quote right now. Too dated. It is a very different market compared to the atmosphere back then.