 | DVD VIDEO GROUP PRESENTS INDUSTRY SYMPOSIUM TO EXPLORE THE DVD MUSIC VIDEO PROCESS LOS ANGELES, CALIF — Feb. 15, 1999 - On Tuesday, March 2, 1999, the DVD Video Group is hosting an industry symposium to explore the creative, production and promotional issues related to music video on the DVD Video format. Senior label executives and industry experts involved in all aspects of music will come together to share their insights and experiences with the new format. With one and a quarter million DVD Video hardware players in U.S. households in less than two years, DVD Video is the fastest growing packaged entertainment format in history. Sales of DVD Video players are anticipated to double in 1999 while sales of DVD-compatible PCs are projected to reach approximately 10 million units. Software sales have been equally impressive with nearly 15 million units sold last year alone. Music video titles currently account for nearly 10 percent of the 2,500 DVD Video titles available, with sales expected to reach one million units this year. "Thanks to the overwhelming consumer response to DVD Video, music labels have embraced this highly interactive and flexible platform," said Emiel N. Petrone, chairman, DVD Video Group and executive vice president, Philips Electronics. "Our goal is to encourage the format’s development and growth so that it becomes an important platform for the entire music industry." The DVD music video symposium will include four panels featuring a number of industry notables who will highlight the authoring, mastering, production, marketing and promotion issues related to DVD Video. Panelists will also demo recent titles and elaborate on all aspects of bringing product to market. A full list of panelists and moderators is attached. The symposium will be held at Sony Music in New York City and is free of charge and open to all interested music executives. RSVP is mandatory. For more information, contact the DVD Video Group at (310) 967-2940. Attendance requests can be sent by fax to (310) 967-2941. The DVD Video Group is a Los Angeles-based, industry-funded nonprofit corporation that exists expressly to promote consumer awareness of the benefits of DVD Video and to provide updated information to the media and the retail trade about DVD Video players, movies and music videos. Regular members of the DVD Video Group are Artisan Entertainment, Inc., Buena Vista Home Entertainment, Columbia TriStar Home Video, DreamWorks Home Entertainment, Image Entertainment Inc., MGM Home Entertainment, New Line Home Video, Inc., Panasonic Consumer Electronics Company, Paramount Home Video, Philips Consumer Electronics Company, Pioneer Electronics (USA) Inc., PolyGram Video, Simitar Entertainment, Sony Electronics Inc., Sony Music/Sony Wonder, Thomson Consumer Electronics, Toshiba America Consumer Products, Inc., Twentieth Century Fox Home Entertainment, Universal Studios Home Video, Warner Home Video and Yamaha Electronics Corporation. Associate members are Alpha Enterprises, Americ Disc, Cinram, CMC Magnetics Corp., Crest National, Crush Digital, Digital Video Compression Center, Disc Graphics, Inc., JVC Disc America, Nimbus CD International Inc., Panasonic Disc Services Corporation, Pioneer Video Manufacturing, Inc., Sony Disc Manufacturing, Sony Pictures DVD Center, Technicolor and Warner Media Services.
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