DVDBeaver Newsletter - Special Announcement (Aug 2nd, 2005)
Hi all,
(excuse this special announcement - our regular weekly newsletter will be sent
on Thursday)
Some (possibly) poor news has surfaced.
As of August 1st, circa 3 pm, Home Vision as we all knew it ceased to exist.
Home Vision will now be a "specialty label" owned and operated by Image
Entertainment. Image will be closing the Chicago location to "consolidate" Home
Vision's label to their corporate offices in California.
As to what this means besides a lot of unemployed cinephiles and heartbreaks
remains to be seen. Image is contractually obligated to release any future Home
Vision titles that where already in the works or which had already been
contracted. Image's "lenient" quality control will certainly play a part in any
future "Home Vision" release so beware.
Criterion remains an independently owned company. This deal formalizes a 100%
distribution deal between Image and Criterion lasting through the end of 2010.
More to follow as we find out.
****
IMAGE GAINS CRITERION
As part of Home Vision acquisition
Full article linked on DVDBeaver homepage
http://www.dvdbeaver.com/
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AUG. 2 | DVD distributor Image Entertainment has acquired 19-year-old
Chicago-based publisher/distributor Home Vision Entertainment.
The $8 million deal--one of the largest ever for Chatsworth, Calif.-based
Image--also gives the former laserdisc company exclusive distribution rights to
the prestigious Criterion Collection of esoteric, foreign and critically
acclaimed movies on DVD.
For the past eight years, Image had split retail distribution of Criterion
titles with Home Vision, which had a separate 50/50 joint venture with
Criterion. With that arrangement, Image was never able to include Criterion
titles in its overall national marketing efforts.
With this week's deal, Home Vision sells its 50% stake in the joint venture back
to Criterion, freeing up Criterion to sign an exclusive output deal with Image
for its 280 active catalog titles and three to four monthly new releases through
2010.
Image will now be able to mount full-fledged marketing campaigns for DVDs
from Criterion, which is credited with creating the market for today's DVD
bonus features and audio commentaries when the company first produced those
features for laserdiscs in the '80s. Criterion licenses selected titles such as
The Life Aquatic and Hoop Dreams from studios and producers, paying a royalty
fee that is often comparable to the wholesale price realized by suppliers on the
titles. The Criterion Collection contains approximately 280 active DVD titles in
its library and typically releases three or four new titles each month.
Best,
Gary