Sony video unit exiting Korea

Home entertainment arm closes offices

Sony Pictures Home Entertainment is shuttering its Korean office at the end of this month due to the country’s sluggish DVD market.

Sony Pictures Home Entertainment Korea has tried to develop the market since its first DVD release, “Fly Away From Home,” in 1999. The company also tried to break into the market by distributing Blu-ray titles.

SPHE is one of the last American video distributors still in Korea. Universal, Paramount, Buena Vista and 20th Century Fox withdrew in 2006. Warner Bros. Home Video Korea is still open.

According to the Korean Film Council, piracy has cut the value of Korea’s home entertainment market this year to an estimated $289 million, half of its 2002 total.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Digital News from Variety