DigitalMediaStocks.com, an investor and industry portal for the digital media sector within Investorideas.com, reports on industry developments in the digital media sector. As attention shifts to focusing on the impact of digital downloads of movies and TV, comparable to the dramatic shift in the music industry, how is the industry reacting? From analyst downgrades to new legislation, to shifts in spending in security, the industry is in transition.
Lehman analyst Anthony DiClemente shook up the industry with his recent downgrades and comments, "Shifts from physical to digital will disrupt the marginal economics of the TV and movie businesses, just as it did for music."
Canadian Industry Minister Jim Prentice recently introduced new federal copyright legislation in the House of Commons, stating, "With this bill, we have introduced important measures to support industries whose success depends on copyright -- software companies and filmmakers, for example. We are providing stronger protection of digital locks online so that companies that choose to use them in their business models will have the support of the law. We have also introduced stronger provisions to address Internet piracy."
Leading expert on IT spending, purchases, budgeting trends, and tech sector economics, Andy Bartels at Forrester, recently noted," Many products, such as security software, are viewed as essential by corporate tech buyers.
In a previous DigitalMediaStocks.com interview, Patrick Gregston of USA Video Interactive Corp. (OTCBB: USVO) (CDNX: US.V) provides listeners with the significance of Twentieth Century Fox Home Entertainment’s implementation of MediaEscort™. MediaEscort™ is currently being deployed to protect the Studio's filmed entertainment content that is streamed via the Internet to its various trade business partners in advance of DVD availability.
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New technologies are popping up like PopTok’s messenger chat application that has licensed clips of scenes, gestures and great movie and music lines from partners including Sony, Universal, Warner and Paramount studios.
In a June update from Sony, the company stated, “The business environment in which Sony operates is changing rapidly and, with the advance in digital technology and broadband networks, technological innovation is moving at a pace never experienced before.”
As the entertainment industry reports DVD sales are down, they have to turn to new technology that can enable the transition to online distribution.
Digital Media Showcase Company
USA Video Interactive Corp. ("USVO") designs and markets technology for delivery of digital media. USVO developed its MediaEscort™, MediaSentinel™ and SmartMark™ digital watermarking products and technology to provide a robust means for producers and distributors to invisibly protect their content. USA Video Technology Corp., a wholly owned subsidiary of USVO, holds the pioneering patent for store-and-forward video, filed in 1990 and issued by the United States Patent and Trademark Office on July 14, 1992; it has been cited by at least 165 other patents. USVO holds similar patents in Germany, Canada, England, France, Spain, Italy, and Japan. Visit the company showcase on Investorideas.com or visit the company website and blog.
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Source: Investorideas.com, DigitalMediaStocks.com, USA Video Interactive Corp.