Warner to Focus on Blu-ray over Theatrial Releases

President and CEO of Time Warner Inc, Jeff Bewkes, commented that his studio would release fewer theatrical film and begin to focus more on building wider consumer adoption of Blu-ray. While the movie studio has seen success, the profits being generated by its home media arm have trumped all box office take.

Warner Brothers is already a leader in Blu-ray releases, has released more classic films than any other studio. Their increased support of Blu-ray should hopefully not only increase the number of quality Blu-ray titles on the market, but also decrease the number of theatrical bombs (and their eventual Blu-ray releases) from tainting movie-goers minds.