Paramount in talks to merge DVD operations

U.S. film studio Paramount Pictures is talking with Sony Pictures and 20th Century Fox about merging parts of their home video businesses, sources say.

 

 

Citing "people briefed on the negotiations," the Los Angeles Times reported Wednesday the merger discussions are being prompted by the ongoing recession, tanking sales of DVDs and the need for studios to cut the costs of DVD production, handling and distribution.

The sources said any merger of the studios' DVD operations would be done as a cost-cutting, rather than revenue-sharing, move, adding Paramount would keep control of its own marketing and promotion of its home entertainment products.

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