AFI BLOG: Media and Technology

WSJ
Consumers appear to be turning down the volume on television purchases.
As the largest specialty-electronics retailers get set to report year-end results, recent consumer surveys and comments from a TV supplier and from club stores point to slowing TV demand. The category has been among the few bright spots in big-ticket spending for the home as [...]

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Best Buy Stands Behind Customers By Awarding More Than $10 Million in Gift Cards to HD-DVD Purchasers - Press Release
Leading Consumer Electronics Retailer will Send $50 Gift Cards to Customers Who Purchased an HD-DVD Player from Best Buy in the U.S.
With Blu-ray declaring victory over HD-DVD in the high definition movie format war, Best Buy, [...]

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Best Buy, Netflix Back Blu-ray In High-Definition Format War - The Wall Street Journal
In another move that appears to cement Blu-ray’s position as the winning next-generation format for DVDs, Netflix and Best Buy Co. are throwing their support behind Blu-ray discs.
The votes of support for Blu-ray, developed by Sony Corp., from Best Buy and Netflix [...]

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Best Buy’s Profit Jumps 52%, Helped by Fewer Promotions - The Wall Street Journal
Best Buy Co.’s fiscal third-quarter net income soared 52%, helped by the popularity of videogames, mobile-navigation devices and flat-screen TVs and by cost containment.
The largest U.S. electronics chain also raised its fiscal-year profit expectations and will accelerate store openings this year [...]

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