Sony was banking on the PSP to make its Universal Media Disc portable video format a success. But after a surprisingly robust start, with every major studio pledging support and rushing out dozens of titles, the dream seems to be over, says the Hollywood Reporter today:
The piece is positively filled with negative quotes from Hollywood execs regarding the format's future, or lack of one.
- "Releasing titles on UMD is the exception rather than the rule. No one's even breaking even on them." -- Paramount Pictures exec
- "No one's watching movies on PSP" -- 'president of one of the six major studios' home entertainment divisions'
- "It's awful. Sales are near zilch. It's another Sony bomb -- like Blu-ray." -- Universal Studios exec
Ouch. And Blu-ray isn't even out yet.