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 Remember when we watched movies on TAPES??
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Denzien
Bandit Worker

137 Posts

Posted - 06/21/2002 :  11:44:35  Show Profile Send Denzien a Private Message
Circuit City phasing out videotaped movies


WASHINGTON, June 21 (Reuters) - Circuit City Stores Inc , the No. 2 U.S. consumer electronics retailer plans to phase out sales of videotaped movies as DVD players gain in the home entertainment market, The Washington Post reported on Friday.

Citing steadily increasing consumer demand for DVDs , Richmond, Virginia-based Circuit City has stopped selling movie videotapes at some stores and will soon discontinue sales at other stores, the newspaper said.

"We're responding to what people are wanting to buy," Circuit City spokesman Jim Babb told the paper. "People have happily embraced DVDs. Our sales have been moving toward DVD for quite some time."

More than 95 percent of U.S. homes are equipped with video players, but VCR sales are on the decline while DVD penetration is at 30 percent and rising, according to the trade group Consumer Electronics Association, the newspaper reported.

Minneapolis-based Best Buy Co , the top U.S. consumer electronics retailer, does not plan to stop selling movie videos, but the chain is paring its stock of videos while expanding it DVD offerings, the report said.

The road to justice is sometimes twisted.
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