Media and Money

Posts Tagged ‘Walt Disney Company

microsd-cardsReuters reports that Walt Disney Co’s Japan unit will sell movies on flash memory cards as small as a fingernail so that people can watch them on mobile phones and other portable devices. I guess it’s a small world after all.

The movie studio plans to package pre-recorded microSD cards together with DVDs holding the same movie content, allowing customers to watch at home as well as on the go. These cards will be available in November.

Users can watch movies stored on microSD cards on mobile phones capable of showing terrestrial digital broadcasting, and other portable gear such as car navigation systems.

For new movies, the package of a DVD and microSD card is expected to retail for 4,935 yen ($53), about 1,000 yen higher than the DVD alone, a spokesman at the Japan unit said.

It is difficult to make a sales forecast since this would be the first time for Disney to put its movies in microSD cards, he said.

Initial titles in the microSD format include “Pirates of the Caribbean” and “National Treasure” series.

Panasonic Corp is set to provide Disney with microSD cards, the spokesman said.

By David Benoit, Dow Jones Newswires

Media companies got a much-needed boost in confidence earlier this week from Morgan Stanley analysts, who said the outlook on advertising for the industry is too gloomy, sending shares higher across the board.

The Morgan Stanley analysts, who upped their investment rating on the entire industry to attractive, said the underperformance of media stocks over the past few years means growth in earnings and advertising could spike stock prices.

Specifically, the analysts raised the ratings on Walt Disney Co. and CBS Corp. saying that they are more positive on television usage.
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ESPN localEven though ESPN broadcasts in more than 200 countries, the network is looking to focus more on hometown sports coverage, threatening one of the last strongholds of local newspapers and television stations. I smell a media war brewing.

ESPN has long dominated the coverage of national athletics, pumping out news and commentary on every major sport (and some not-so-major ones) via an expanding network of cable channels, Web sites and mobile services, reports Brooke Barnes from the New York Times.
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