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Iger Waxes on Home Entertainment Business with Charlie Rose

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“I had the whole Beatles collection anyway,” laughs Bob Iger when Charlie Rose prods the Disney chief executive about his recent iTunes spending. “I ripped — legally — my Beatles CDs to my Apple devices. But then when it became available through the [iTunes] store, I bought that too — even though it was redundant. I got the album art with it.” Yet Iger acknowledges in his March 3 appearance on the show that few entertainment consumers these days are such “nuts” as he. Digital distribution models for films — including electronic sell-through and video-on-demand — have all grown “nicely,” Iger says. “But while it’s grown fast, it hasn’t gotten large enough to make up for the loss of the sale of physical goods.” Iger estimates that the DVD industry is down by roughly 15% year to year. “But people are still buying a lot” of discs, he maintains. “They’re not buying as many of them. And I’d argue the primary reason for that is that they have other things to do....I look at my kids’ generation, and it’s not just about watching TV or a movie at home — it’s doing other things.” The changing dynamic of the home entertainment market leads Iger to qualify digital distribution’s long-term prospects. “Whether the whole [digital movie distribution market] will ultimately get larger than what it was before, when we were just selling DVDs, I don’t know. We’ll see growth in international markets, as technology expands. But you’re still facing a more competitive world.” Home Media Magazine pulls other salient quotes; full interview here.

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