I read paragraphs like these with delight:
Universal Studios Home Entertainment has completely stopped producing UMD movies, according to executives who asked not to be identified by name. Said one high-ranking exec: "It's awful. Sales are near zilch. It's another Sony bomb -- like Blu-ray."
...A high-ranking executive was more blunt: "We are on hiatus with UMD," he said. "Releasing titles on UMD is the exception rather than the rule. No one's even breaking even on them."
"No one's watching movies on PSP," said the president of one of the six major studios' home entertainment divisions. "It's a game player, period."
They seem to recognize at least part of what was so stupid: The fact that you are buying a separate disc that can be played exclusively on a tiny screen.
Feingold believes the PSP's biggest drawback as a movie-watching device was the inability to connect the gadget to TV sets for big-screen viewing, "which would have made it more compelling," as well as the inclusion of memory stick capability.
"I think a lot of people are ripping content and sticking it onto the device rather than purchasing," he said.
But next week, Sony Computer Entertainment executives will begin making the rounds of the Hollywood studios to discuss plans for making the PSP able to connect to TV sets.
"We're hoping the format's going to be reinvigorated with next-generation capability that may include living-room or normal television playback," he said.
I like how they consider people watching videos off of memory sticks--a feature that both makes sense and is convenient--to be a "drawback" because it prevented them from selling more horrible little discs.
Still, I have no idea why an adapter to connect to TV sets took them so long. You'd think it was a no-brainer, considering it's the only conceivable way to give the UMD discs any real value.