The market for HD-DVD and Blu-ray Disk is smaller than initially forecast, according to a statement from movie studio Warner Brothers
Warner Brothers confirmed that it was slashing its expectations for high-definition DVD sales for this year on drastically lower sales for HD-DVD and Blu-ray Disc players.
The studio had forecast that Blu-ray Disc and HD-DVD, two rival next-gen DVD formats, would sell a combined 4.5 to 6.0 million players by the end of 2006. Now the company only expects 1.5 million hi-def players to be sold this year. As a result, Warner Brothers is slashing its DVD sales forecast from $250 to 400 million to just $150 million.