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Optical (Blu-ray/DVD) and Digital (EST/UV) Sales Thread

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Old 03-19-2012, 12:41 PM   #1996  
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Originally Posted by Kosty View Post
yeah yeah yeah .

Just like Blu-ray is making more money for the studios and is profitable and growing year after year so will UltraViolet and other new revenue streams.

Nothing by itself will ever replace the magnitude or circumstances of DVD but together Blu-ray , UltraViolet and other digital alternatives and new revenue streams like Netflix content royalties will all add up together to make up much of the DVD decline.
Well Bluray was created to replace DVD. And if Bluray is never going to do what DVD did I'd say that's a failure. I think you just don't have it in you to utter the words. You are in denial. Sorry but you are. You know you can love Bluray and be critical of it at the same time right? I love fast food. But I know it's bad for me and there is better food out there. See how easy that is?
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Old 03-19-2012, 01:05 PM   #1997  
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So if UV fails at Walmart everyone else is screwed right?
mmmm-nope. Just surprised at how little DVD sales market share Amazon owns, at 8.5%, and how much of it is still owned by traditional B&Mers. Also surprised by how little market share Best Buy has, at 11%.

Last edited by mikemorel; 03-19-2012 at 01:10 PM..
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Old 03-19-2012, 01:27 PM   #1998  
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Hastings Entertainment, Inc. Reports Results for the Fourth Quarter of Fiscal 2011

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AMARILLO, Texas, March 19, 2012 /PRNewswire/ -- Hastings Entertainment, Inc. (NASDAQ: HAST), a leading multimedia entertainment retailer, today reported results for the three months and fiscal year ended January 31, 2012. Net loss was approximately $8.4 million, or $1.00 per diluted share, for the three months ended January 31, 2012 compared to net earnings of approximately $3.8 million, or $0.43 per diluted share, for the three months ended January 31, 2011. Net loss was approximately $17.6 million, or $2.05 per diluted share, for the fiscal year ended January 31, 2012 compared to net earnings of $1.7 million, or $0.18 per diluted share, for the fiscal year ended January 31, 2011.

...

"Our fourth quarter results reflected a continuation of comparable weak slates for movies," said John H. Marmaduke, Chief Executive Officer and Chairman. "Furthermore, we continue to be impacted by the shift toward the digital delivery of entertainment, along with the increasing growth of rental kiosks and subscription-based services in movie rentals. Additionally, the current economic environment continues to impact consumer discretionary spending, thereby reducing average purchases, as customers are choosing lower priced products. This is evidenced by the fact that merchandise units sold for fiscal 2011 were flat with fiscal 2010 despite the decrease in revenue.
...

"Over the years, our multimedia store model has allowed us to shift our offerings to meet our customers' changing preferences. Our multimedia platform is even more important in these economic times. Our plans for fiscal 2012 include additional changes, as we shift our business model more toward lifestyle products and become less dependent on entertainment products. We began carrying certain lifestyle products, such as skate boards and related accessories, along with disc golf, in a number of superstores during fiscal 2011. Coming to our Trends and Electronics departments during fiscal 2012 are tablet expansions for reading, watching movies and playing games and phone app products to be used with your smart phone for fun, health and fitness. In order to expand the footprint for these products, we will be reducing the footprint dedicated to Rental Movies. We plan to rollout this format change over the course of fiscal 2012, in approximately fifty-five stores, at a total estimated cost of approximately $3.0 million.

"Fiscal 2012 will be a difficult year for us as we continue to weather difficult economic times and secular trends. Accordingly, we are projecting a net loss for fiscal 2012. We are projecting a double digit decline in our Rental Comps and a slight increase in Merchandise Comps for fiscal 2012, primarily resulting from the initiatives mentioned above, which we anticipate will bring approximately $9.0 million in additional revenue during fiscal 2012. Subsequent to fiscal 2012, we anticipate these initiatives will generate approximately $15.0 million to $20.0 million in revenues, on an annual basis. Projected cash flow from operations is approximately $8.2 million, and we are reducing our capital expenditures from $15.9 million in fiscal 2011 to approximately $9.7 million in fiscal 2012. We are also projecting a $1.5 million decrease in debt. Additionally, we will not be opening any new stores or relocating any existing stores, and we anticipate closing one or two underperforming stores. I am confident that with the business strategies discussed above, along with an improvement in current economic conditions, we will return to profitability and grow our business over the years to come."

Financial Results for the Fourth Quarter of Fiscal Year 2011

Revenues. Total revenues for the fourth quarter decreased approximately $7.4 million, or 4.6%, to $153.1 million compared to $160.5 million for the fourth quarter of fiscal 2010.

...

Movie Comps decreased 10.7% for the quarter due to lower sales of new and used DVDs, along with DVD boxed sets, partially offset by an increase in sales of new and used Blu-ray movies.

Rental Comps decreased 16.7% during the quarter, primarily due to fewer rentals of DVDs and video games, partially offset by an increase in rentals of Blu-ray movies. Rental Video Comps decreased 16.7% for the quarter, and units rented decreased 13.8%. Rental Video Comps were negatively impacted by a continued lower quality of new releases during the current quarter and by competitor rental kiosks and subscription-based rental services.

....

Financial Results for the Fiscal Year Ended January 31, 2012

Revenues. Total revenues for the fiscal year ended January 31, 2012 decreased approximately $24.7 million, or 4.7%, to $496.4 million compared to $521.1 million for the fiscal year ended January 31, 2011.
...

Movies Comps decreased 8.2% during fiscal 2011 due to lower sales of new and used DVDs, along with DVD boxed sets, partially offset by increased sales of new and used Blu-ray movies.

Rental Comps decreased 12.4% for fiscal 2011, primarily due to fewer rentals of DVDs and video games, partially offset by increased rentals of Blu-ray movies. Rental Video Comps were negatively impacted by a lower quality of new releases during the current fiscal year and by competitor rental kiosks and subscription-based rental services. Rental Video Comps decreased 13.1% for the year, and units rented decreased 11.2%. Rental Video Game Comps decreased 5.9% and units rented decreased 6.7%.

Gross Profit Rental. For fiscal 2011, total rental gross profit dollars decreased approximately $7.0 million, or 13.9%, to $43.3 million from $50.3 million for fiscal 2010, primarily due to lower revenues, along with lower rental margin rates. As a percentage of total rental revenue, rental gross profit decreased to 61.4% for fiscal 2011 compared to 62.7% for fiscal 2010, also primarily as a result of lower rental revenues.
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Old 03-19-2012, 08:14 PM   #1999  
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And so it begins. How far behind can other retailers be from reducing thier movie footprints? I'm suprised they are reducing rentals seeing them talking about people moving to rentals. Nothing else really suprising about the news there. Maybe for some here. . Bluray only partially helping the declines in DVD. Is it too late for Bluray at this point? Even in my pessimistic views I thought one of the HD formats would do better than this.
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Old 03-19-2012, 08:21 PM   #2000  
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Originally Posted by Malanthius View Post
And so it begins. How far behind can other retailers be from reducing thier movie footprints? I'm suprised they are reducing rentals seeing them talking about people moving to rentals. Nothing else really suprising about the news there. Maybe for some here. . Bluray only partially helping the declines in DVD. Is it too late for Bluray at this point? Even in my pessimistic views I thought one of the HD formats would do better than this.
Like everyone Hastings suffered a bit from the strength of releases and its rental footprint takes a bigger hit from the rise of Redbox kiosks and Netflix streaming than FYE and other larger retailers.

We already know how the entire industry fared in later 4Q 2011 with the releases there so those results are not unexpected.

The HMM article title summarized it nicely:

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Rental Kiosks, SVOD Torpedo Hastings Q4 Results

Rental Kiosks, SVOD Torpedo Hastings Q4 Results
19 Mar, 2012
By: Erik Gruenwedel


Southwest chain transitioning away from entertainment to lifestyle products

Hastings Entertainment March 19 reported a fourth-quarter (ended Jan. 31) net loss of $8.4 million, citing a weak retail release slate in addition to increased competition from rental kiosks and subscription video-on-demand services such as Netflix.

...

“Our fourth-quarter results reflected a continuation of comparable weak slates for movies,” CEO John Marmaduke said in a statement. “Furthermore, we continue to be impacted by the shift toward the digital delivery of entertainment, along with the increasing growth of rental kiosks and subscription-based services in movie rentals.”


Noteworthy is the stark contrast between Hastings’ declines in home entertainment and nationwide rival Trans World Entertainment, which reported quarterly net income of more than $16 million, in addition to its first annual profit since 2006.

Indeed, Hastings’ movie rental revenue in the quarter fell nearly 18% to $17.6 million, compared with revenue of $21.4 million last year. Same-store rental sales dropped 16.7%. Comp movie sales declined nearly 11%, compared with a 1.1% increase last year.

The lone bright spot was an increase in Blu-ray Disc rentals.

Last edited by Kosty; 03-19-2012 at 08:43 PM..
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Old 03-19-2012, 08:33 PM   #2001  
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Well Bluray was created to replace DVD. And if Bluray is never going to do what DVD did I'd say that's a failure. I think you just don't have it in you to utter the words. You are in denial. Sorry but you are. You know you can love Bluray and be critical of it at the same time right? I love fast food. But I know it's bad for me and there is better food out there. See how easy that is?
I just disagree with the premise.

I get it that to you Blu-ray will always be a failure because its never going to be as successful as DVD nor is it going to replace DVD declines all by itself or that its not going to anytime soon if ever totally replace DVD.

I just think that those are the wrong standards to judge Blu-ray by and it can be considered to be very successful as a profitable mass market mainstream consumer product even if its never going to do what DVD did at its peak or that it will never sustain what DVD revenues were at its peak all by itself. But its a successful new revenue stream that together with other new digital options will be growing and successful in its own right for many years to come. Blu-ray's just not going to replace DVD all by itself.

But Blu-ray is generating a lot of revenues even now that never would have existed if the studios would have taken some of the advice that was given at the time to not even bother about releasing a new next generation DVD format as digital was supposed to have replaced packaged media a long time ago according to some people. That hasn't happened yet.

Last edited by Kosty; 03-19-2012 at 08:37 PM..
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Old 03-19-2012, 09:17 PM   #2002  
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Originally Posted by Malanthius View Post
Well Bluray was created to replace DVD. And if Bluray is never going to do what DVD did I'd say that's a failure. I think you just don't have it in you to utter the words. You are in denial. Sorry but you are. You know you can love Bluray and be critical of it at the same time right? I love fast food. But I know it's bad for me and there is better food out there. See how easy that is?
Its the HD replacement to DVD. Yes.
Now if youre asking if it was to achieve the same level of success as DVD. Then Im sorry you fell for all that studio PR talk.
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Old 03-19-2012, 09:54 PM   #2003  
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Its the HD replacement to DVD. Yes.
Now if youre asking if it was to achieve the same level of success as DVD. Then Im sorry you fell for all that studio PR talk.
Yes, it clearly was. Studios and CEs don't spend billions upon billions of dollars for Blu-ray to peak at 2 billion. Only the apologists now claim Blu-ray (and HD DVD) was not created to replace DVD. That's just silly and dumb.

Windows Vista was never created to replace XP!

Windows 7 was never created to replace Windows Vista!

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Old 03-19-2012, 10:01 PM   #2004  
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Yes, it clearly was. Studios and CEs don't spend billions upon billions of dollars for Blu-ray to peak at 2 billion. Only the apologists now claim Blu-ray (and HD DVD) was not created to replace DVD. That's just silly and dumb.
They spend money to keep packaged media going. And its still going.

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Windows Vista was never created to replace XP!

Windows 7 was never created to replace Windows Vista!

Bad example since Windows marketshare has been in decline since XP. So according to you Windows 7 is a failure.
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Old 03-19-2012, 10:08 PM   #2005  
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They spend money to keep packaged media going. And its still going.
Blu-ray is a new format. It required nearly everything to be re-done just to press discs. It's a new format. It's intent was to replace DVD. Like VHS/LD/BETA etc before it.

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Bad example since Windows marketshare has been in decline since XP. So according to you Windows 7 is a failure.
Vista/7/8 are meant to replace XP. Same thing. They didn't spend billions developing if not for it to fully replace XP.

You can keep apologizing for Blu-ray all you want. It failed to replace DVD. That's a fact. No amount of spin can change that. No comments from people who don't even post sources either.
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Old 03-19-2012, 10:23 PM   #2006  
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Studios and CEs don't spend billions upon billions of dollars for Blu-ray to peak at 2 billion.
Source? Besides the ignoring that Sony shouldered much of that burden and also has the PS3 revenue streams to consider and no one cares what Sony paid as they benefit from Blu-ray sales now.

Also considering that Blu-ray was already around $2.2 Billion in sell through alone last year by DEG and even more with rental income last year and will do even more revenues this year, your statement on Blu-ray peaking at $2 Billion is demonstrably false and argumentative hyperbole. Blu-ray is still growing.

Besides the usual ignoring of the release strength of last year that seems already to be changing and affecting the statitstics this year already.


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Old 03-19-2012, 10:33 PM   #2007  
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Blu-ray is a new format. It required nearly everything to be re-done just to press discs. It's a new format. It's intent was to replace DVD. Like VHS/LD/BETA etc before it.
If that were true then they would have never made players backwards compatible with DVD.

Quote:
Vista/7/8 are meant to replace XP. Same thing. They didn't spend billions developing if not for it to fully replace XP.
And it hasnt.
Probably never will as OSX and even Linux continue to grow. And if mobile OS' take over desktop(of which Google and Apple control) then MS will never get their chance.

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Old 03-19-2012, 11:09 PM   #2008  
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Originally Posted by Kosty View Post
Source? Besides the ignoring that Sony shouldered much of that burden and also has the PS3 revenue streams to consider and no one cares what Sony paid as they benefit from Blu-ray sales now.

Also considering that Blu-ray was already over $2 Billion in sell through alone annd more with rental income last year and will do even more revenues this year, your statement on Blu-ray peaking at $2 Billion is demonstrably false and argumentative hyperbole.

Besides the usual ignoring of the release strength of last year that seems already to be changing and affecting the statitstics this year already.
So please tell the the bottom line cost for ALL the studios for 2011 for:

Restoration of film elements cost (where applicable)
Mastering BDs
Pressing BDs
Packaging BDs
Distribution of BDs

And please - you can skip the bullshit about secondary use for the mastering costs - there isn't another consumer delivery system that requires that kind of quality nor is there a mainstream consumer delivery system that delivers lossless audio.
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Old 03-19-2012, 11:13 PM   #2009  
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If that were true then they would have never made players backwards compatible with DVD.
So High Definition TVs replaced Standard Definition TVs but High Definition optical discs were never meant to replace Standard Definition optical discs?
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Old 03-20-2012, 06:49 AM   #2010  
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Getting rid of rental and some product and adding skateboard and disc golf....good luck with that . What next? Maybe they will start carring Hummels and Prescious Moments Figurines.
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