Video entertainment industry poised for "enormous change": report

THE VIDEO ENTERTAINMENT INDUSTRY must continue to evolve as Internet-based video services and on-demand viewing of TV and movies impact traditional revenue streams. But according to a new report from In-Stat, identifying the successful new services, licensing models, and associated business models will require continual trial and error, with no certainty of success.“The decline of retail video disc sales, coupled with on-demand viewing of TV content and the threat of video cord cutting, points to enormous changes ahead for the video entertainment industry,” said industry analyst, Keith Nissen, in a press release. “As new business models emerge, there will be...