Word: vcr
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...Korean companies turned to Japanese manufacturers to provide the necessary technology to make VCRs. In return, the Koreans delayed their entry into the U.S. market until 1985. Their belated arrival in American shopping malls ten months ago has sparked a classic price war. The price of a no-frills VCR has fallen from about $350 to $200. Though Japanese manufacturers have slashed prices to meet the competition, Korean companies may have already won 5% of the American VCR market...
Kudos to Director Trevor Nunn and screenwriter David Edgar for providing the intelligent, sophisticated, movie-goer with a reason to turn off the VCR and head for the darkened aisles...
Some movie hype for the movie blues: it is the best of times and the worst of times. It is a time of turbulence and stagnation, of threat and promise from a competitor: the magic, omnivorous videocassette recorder (VCR). In other words, it is business as usual for the picture people. And if you think make-believe rules only in front of the camera, think again. Says Barry Diller, chairman of 20th Century-Fox: "This is a world in which reasons are made up because reality is too painful...
...wait. There is a much-maligned high-tech wizard waiting in the wings: the VCR. In 1980, studio revenue from domestic ticket sales and movie videocassettes totaled $1.3 billion (videocasssettes accounted for only 15%). By 1984 the cumulative take was $2.4 billion (33% from cassettes). Last year it rose to $3 billion, and cassette sales were virtually half the total (see chart), despite the "first sale" doctrine, which prohibits studios from earning revenues after cassettes are sold to video outlets. The industry is now pushing hard for a share of rental fees. Nonetheless, in five years, Hollywood has more than...
...films for the TV set instead of for the movie screen stirs mixed feelings among directors. John Sayles (Return of the Secaucus Seven) believes, "It's better to view a film in a theater; that's what it's shot for. But to reach people, it's good the VCR is out there. I see first-run theaters as becoming the 'loss leader' for the VCR, like hard-cover books for the paperback industry or a tuna special for the grocery store." Paul Schrader (American Gigolo, Mishima) is even more emphatic: "The times they are achangin'. We should ride...