Jeff Wells: Is the Classic-Film Blu-ray Market Drawing to a Close?
by HollywoodlandTechnology-wise, we appear to have arrived at that long-awaited stage where film-lovers could finally own perfect copies of the treasures they love the most. But will that happen? Right now, things don’t look very promising. As the home video market collapses, Hollywood Elsewhere’s Jeff Wells offers up what is likely an accurate analysis of the studio mind-set when it comes to restoring classic films to Blu-ray…
[T]he classic-film Bluray market is withering and perhaps even drawing to a close. (I’m not saying “dead” because it thankfully hasn’t come to that…yet.) High-def classics will return, I suspect, when and if high-speed digital download technology improves. But Bluray is almost certainly down for the count. This is nothing short of an earthquake-level development, and one worth pondering just before the start of Hollywood’s TCM Classic Film Festival (4.28 through 5.1), which is probably the most important celebration of classic films going on right now in this country.
For the last 25 years or so the elite film-buff culture has had a relatively steady stream of classic films being restored, remastered and replicated out on the most advanced format of a given time — laser discs from the late ’80s to the late ’90s, DVDs from ‘97 until three or four years ago, and Blurays ever since. But these days classic titles aren’t selling like they used to (Warner Home Video’s Gone With The Wind and Wizard of Oz Bluray restorations costs mllions and failed, I’m told, to turn a profit), and those in positions of power in the Bluray distribution business aren’t about to risk their jobs by pushing for restored Bluray titles that might financially fizzle. And those who get occasional work from these same people are loath to say anything for fear of being blacklisted…omerta.







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