DVD-Video Sets Milestone as 10 Millionth Player is Shipped; DVD-Video Reaches Benchmark Faster Than Any Other Consumer Electronics Product Including VCR and Compact Disc.Business/Entertainment Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com SCOTTSDALE, Ariz.--(ENTERTAINMENT WIRE)--Oct. 4, 2000 Ten million DVD-Video players have shipped to market, signaling the format's unparalleled acceptance among consumers in North America. This level is reached faster than any other consumer electronics product in history, just three and a half years after its introduction. The DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. Entertainment Group announced this new milestone for the popular home video format at the annual DVD Forum meeting in Scottsdale. According to the Consumer Electronics Association (CEA CEA carcinoembryonic antigen. CEA abbr. carcinoembryonic antigen CEA (Carcinoembryonic antigen) ), CD players took seven years to ship 10 million units, and eight years for VCRs to reach this level. Underscoring the strong consumer demand for the format, DVD-Video players have doubled their presence in the marketplace since reaching five percent household penetration in December 1999. Fueling this growth is the enthusiastic support of movie studios and record labels, which are releasing more than 250 new DVD-Video titles each month. In response, DVD replicators have increased their capacity by more than 150 percent for the second half of 2000 over the same period last year in preparation for the extraordinary anticipated growth throughout the holiday selling season. "The milestone of shipping 10 million DVD-Video players is regarded as an indicator of mass market acceptance," said Emiel N. Petrone, chairman, DVD Entertainment Group and executive vice president, Philips Entertainment Group, Worldwide. "We know that shortly we will achieve 10 percent household penetration -- a benchmark of success for any consumer electronics product." The convergence of consumer electronics -- as DVD-Video players are integrated into televisions, stereos, video game consoles This is a list of video game consoles by the era they appeared in. Eras are named based on the dominant console type of the era (even though not all consoles of those eras are of the same type). Some eras are referred to based on how many bits a major console could process. and home theater systems -- will continue to propel penetration of DVD-Video players into households in the upcoming fourth quarter. Additionally, portable DVD-Video players, DVD-Video/Audio combination players and units for the car will also help to make DVD one of the most popular gift items this holiday selling season. The DVD Entertainment Group is a Los Angeles-based, industry-funded nonprofit corporation that exists expressly to promote consumer awareness of the benefits of DVD-Video and DVD-Audio, and to provide updated information to the media and the retail trade about DVD players and titles. As part of the group's charter, it also looks to incorporate future applications for the DVD format such as interactive games. Regular members of the DVD Entertainment Group are 5.1 Entertainment Group, Artisan Entertainment, BMG Entertainment, Buena Vista Home Entertainment, Columbia TriStar Home Video, DreamWorks Home Entertainment, EMI Recorded Music, Funai Corporation, Image Entertainment, Kenwood USA Corporation, MGM Home Entertainment, New Line Home Video, Onkyo USA Corporation, Panasonic Consumer Electronics Company, Paramount Home Entertainment Paramount Home Entertainment (formerly Paramount Home Video) and (Paramount Video) is a home video company founded in 1976. It is a division of Paramount Pictures, which in turn is owned by Viacom. , Philips Consumer Electronics Philips Consumer Electronics is a part of Koninklijke Philips Electronics N.V. (usually known as Philips); and is one of the largest electronics companies in the world. In 2005, its sales were € 30.4 billion (US$38. Company, Pioneer Electronics (USA), ProScan, RCA See RCA connector and video/TV history. , Sharp Electronics, Sony Electronics, Sony Music Entertainment Sony Music Entertainment is a major global record label controlled by the Sony Corporation. In 1988, Sony Corporation acquired CBS Records, Inc. for $2 billion. CBS Inc., now CBS Corporation, retained the rights to the CBS name, and Sony renamed the label , Sony Wonder, Toshiba America Consumer Products, Twentieth Century Fox Home Entertainment, Universal Music Group, Universal Studios Home Video, USA Home Entertainment, Warner Home Video Warner Home Video is the home video unit of Warner Bros. Home Entertainment Group, a division of Warner Bros. Entertainment, Inc. It was founded in 1978 as WCI Home Video (for Warner Communications, Inc.). It was re-named Warner Home Video in 1980. and Warner Music Group Warner Music Group (WMG) is one of the four major record labels. Warner Music Group also has a publishing arm, Warner/Chappell Music, which dates back to 1929, when Jack Warner, president of Warner Bros. Pictures Inc. . Associate members are Alpha Enterprises, Americ Disc, Cinram, California Video Center, Crest National, Deluxe Digital Entertainment, Disc Graphics, Dolby Digital, dts, MRT MRT, n manual resistance technique, a treatment method used during the acute and recovery phases to relieve pain and rehabilitate the body's tissues and muscles. , Panasonic Disc Services Corporation, Sony Disc Manufacturing, Sony Pictures DVD Center, Technicolor, VM Labs and Warner Advanced Media Operations. Interested consumers can reach the DVD Entertainment Group at 310/967-2940, via e-mail at getinfo@dvdinformation.com or through its Web site at www.dvdinformation.com. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.100400/bb6 |
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