Rounding Up HD News: Circuit City Files for Bankruptcy; Blu-ray Releases

Nov 13, 2008  •  Post A Comment

Circuit City Files for Bankruptcy
Done in by the struggling economy, electronics retailer Circuit City filed for Chapter 11 bankruptcy protection on Monday, making it the largest retailer to do so in the current slowing market, Bloomberg reports. Suppliers, concerned about flagging sales, cut off credit and demanded payment for shipments. According to filings, the retailer owes $119 million to Hewlett-Packard and $116 million to Samsung Electronics. On Tuesday, the retailer was able to obtain a $1.1 billion loan from Bank of America to pay for expenses during its bankruptcy restructuring, according to Bloomberg.
‘JFK,’ ‘Hellboy II’ Arrive on Blu-ray
Landing in stores on Tuesday, “JFK,” “Hellboy II: The Golden Army” and “Star Wars: Clone Wars” make the transition to Blu-ray, High Def Digest reports. Also arriving in stores on Blu-ray is the complete series of the cult classic “Firefly,” with the release featuring the same special features as its standard-definition version, along with a new audio commentary and roundtable discussion with cast and crew.
Standard-Definition Patch in the Works for “Banjo and Kazooie: Nuts and Bolts”
Software creator Rare has flip-flopped on its decision to not fix illegible text in its upcoming Xbox 360 game “Banjo and Kazooie: Nuts and Bolts,” The Escapist reports. Text in the demo of the game was nearly unreadable on standard-definition television sets, although clear on high-definition screens. Rare originally said it was too late in the development cycle to fix the problem, causing player outrage. However, Rare has reversed that decision, saying it plans to have an update to the game in the next 30 days to fix the problem.
Studios, Electronic Firms Put $25 Million Into Blu-ray Promo Effort
Several movie studios and electronics companies are investing $25 million in the “Tru Blu” advertising campaign, which will promote Blu-ray discs for the holiday season, the Los Angeles Times reports. The commercial campaign will air on male-audience-heavy networks, including Comedy Central and ESPN.
‘Dark Knight’ Expected to Set Blu-ray Shipment Record
Projections show Warner Bros. “The Dark Knight” is expected to ship more than 1 million Blu-ray copies for its Dec. 9 release date, a first for the format, Video Business reports. During its first week on shelves, Paramount’s “Iron Man” sold 500,000 units on Blu-ray earlier this year, but it is not clear how many units were shipped. In comparison, Sony set a record in March 2007 when it shipped 100,000 copies of “Casino Royale” on Blu-ray.

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