It’s like all the Hollywood Execs gathered together in a room and said “Hmmm, how can we get more people to pirate movies?”
For those who like renting movies, Hollywood may soon have a message: Prepare to wait.
In an effort to push consumers toward buying more movies, some major film studios are considering a new policy that would block DVDs from being offered for rental until several weeks after going on sale.
Under the plan, new DVD releases would be available on a purchase-only basis for a few weeks, after which time companies such as Blockbuster Inc. and Netflix Inc. would be allowed to rent the DVDs to their customers. The move comes as the studios are grappling with sharply declining DVD revenue, which has long propped up the movie business.