A DVD Standoff in Hollywood - New York Times
A DVD Standoff in Hollywood - New York Times: "Then, with a few minutes left in the session, the moderator asked the question everyone was waiting for: Can the studios break the deadlock between the rival camps developing the next generation of digital video discs, players and recorders?
The question was not academic. Hollywood has not been able to unite around one of the two new formats, called Blu-ray and HD DVD. As a result, tens of billions of dollars in potential sales hang in the balance.
Before anyone could answer, Thomas Lesinski, president of home entertainment at Paramount Pictures, jumped in and said it would not benefit the studios to discuss the issue in public while behind-the-scenes negotiations were going on.
Stunned by the curt response, the audience offered nervous laughter and the other executives fell silent."
The question was not academic. Hollywood has not been able to unite around one of the two new formats, called Blu-ray and HD DVD. As a result, tens of billions of dollars in potential sales hang in the balance.
Before anyone could answer, Thomas Lesinski, president of home entertainment at Paramount Pictures, jumped in and said it would not benefit the studios to discuss the issue in public while behind-the-scenes negotiations were going on.
Stunned by the curt response, the audience offered nervous laughter and the other executives fell silent."
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