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Blu-ray Sales Rise 300% Despite Staggering US Economy

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321w ago - PSU writes: In a beneficial turn of events for the home entertainment industry, Blu-ray sales continue to rise drastically despite the staggering U.S. economy.

As DVD sales decline, Blu-ray has been filling in the gap, generating more than $200 million in the first half of 2008. This is in stark contrast to the same point last year, where Blu-ray earnings were less than 33% of current figures.

"We are trending 8% Blu-ray sales [per title], and at the end of the year, we will be between 10% and 12%," stated Mike Dunn of 20th Century Fox Home Entertainment.

Lori MacPherson, general manager for Walt Disney Studios Home Entertainment, North America contributed her thoughts.

"I think people are becoming pickier on what they spend their money on, but home entertainment always represents a good value. Thirty dollars for a Blu-ray movie that you can watch over and over again is still a great value," she commented.

As Blu-ray production costs begin to drop, savings will be passed on to consumers and, in return, Blu-ray will take an even more prominent place in people's homes. With HDTV penetration higher than ever, Blu-ray may very well overtake DVD prior to 2012, the previously accepted prediction.
 

Tretton: Sony Considering PSP with Hard Drive

400°
323w ago - According to Jack Tretton, Sony is considering a PSP with a hard drive. Tretton reportedly said that "with the recently announced ability to purchase movies on a PlayStation 3 and move them over to a PlayStation Portable, and as the cost of memory continues to drop, the chance that a new PlayStation Portable would include some sort of internal storage option is becoming increasingly likely."

To quote: Sony has thought about and continues to play around with the idea of building a PlayStation Portable with a built in hard drive or internal memory, Jack Tretton, president and CEO of Sony Computer Entertainment of America, said this morning at a gather of game writers.

"I think we definitely thought about it," he said. "I think that's the trend moving forward."

With the recently announced ability to purchase movies on a PlayStation 3 and move them over to a PlayStation Portable, and as the cost of memory continues to drop, the chance that a new PlayStation Portable would include some sort of internal storage option is becoming increasingly likely, Tretton said.
 

PS3 Firmware Update v2.41 brings new look for Platinum Trophy

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324w ago - It appears that today's PS3 Firmware Update v2.41 has brought along with it a new sporty-looking Platinum trophy.

While Platinum trophies used to look like a bizarre purple crown, the new version (pictured below) looks more like a sports trophy made of crystal.

To quote from Radiskull's comment HERE below:

"I've noticed 2 things with this 2.41 so far. The in-game XMB lag seems to be gone (at least for me), and the Platinum Trophy icon on the trophies page has a new look. It was previously a crown, and now it looks like a globe. Pic of it below."
 

Five Hundred Million GBP Bill for Xbox 360 Red Ring of Death

50°
324w ago - Computer giants Microsoft are facing a £500 million ($990 million) repair bill after their Xbox Elite consoles were hit by the notorious "red ring of death".

The console was originally thought to be immune from the problem, which permanently freezes the unit after a ring of green lights on the power control button turn red.

Now, hundreds of angry owners are sending back their £290 consoles, which are being shipped to Germany for repair. But the fault remains a mystery.

Jamie King, 16, from Gomshall, Surrey, said: "I got my Xbox in September and it packed up eight months later in June. First, it kept freezing, then it developed the red ring of death."

In a statement, Microsoft simply said: "The majority of Xbox 360 owners enjoy a great experience with their console. "Anyone with a problem should call Xbox customer service."

Last year, the company had to recall 230,000 Xbox steering wheels worldwide after complaints that they overheated. And it spent £500 million recalling power cords supplied with units made before 2003 after 300 caught fire and burnt seven gamers. To date:

- 12m Xboxes have been sold since 2005
- 33% Xboxes will overheat say experts
- 230k steering wheels were recalled in 07
 

Sony Bringing Direct PS Store to PSP this Fiscal Year

50°
326w ago - We finally have an idea of when the PSP accessible PS Store will launch: this fiscal year. Previously detailed in a GDC presentation last year, the PSP Store will allow consumers to download PSN offerings direct from their PSP via WiFi connection.

At its marketing conference in Japan today, Sony said that the functionality will be made available through a firmware update.

The company's 2008 fiscal year ends on March 31, 2009, so the launch date could be anywhere from now until then, though we're personally hoping it hits before the end of this year.

Further details are available via the Playstation Business Review PDF file.
 
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