Startup readies low-cost HD format for market

09/12/2007 | TWICE

Startup firm New Medium Enterprises has announced plans to release its high-definition optical disc format, HD Versatile Multilayer Disc, to the global market in October. "We believe that when we launch in Q4, as the major U.S. studios find it harder and harder to make a profit from theatrical releases, we can provide an additional profit vehicle for them as well," said Shirly Levich, NME North America executive vice president.

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