Tuesday, September 4, 2007

Sony Bets Big on Video Downloads

From NewTeeVee - It’s an understatement to say the commercial viability of paid video downloads is a crapshoot, but that doesn’t stop new entrants from placing expensive bets, hoping that they will hit the jackpot. Apple (AAPL), Vuze, BitTorrent, Blockbuster, Amazon (AMZN), Microsoft (MSFT) — these are some of the existing players that Sony (SNE), the newest entrant, will have to contend with in the near future.

Undaunted, Sony, under the aegis of its CEO & Chairman Howard Stringer, has developed a new strategy to revive its rapidly declining fortunes. The Wall Street Journal reports (citing unnamed sources) that the new video download strategy revolves around PlayStation, PlayStation Portable and other Sony brands, such as Bravia televisions. The news of such service had first surfaced in December 2006. | Read full article

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