tedpeele
15 years ago
Overview of the Sonic Solutions (SNIC) opportunity:
MOD (Manufacture on demand)
MOD Qflix Hardware:
PCs - Some Dell desktops: "The internal Qflix-enabled DVD burner is available as an option on the Studio XPS 435 desktop, Studio XPS desktop and the Studio Mini-tower and Slim-tower PCs for $20...."Customers appreciate the simplicity of the innovative Roxio CinemaNow digital delivery technology," said Michelle Pearcy, director, Dell's global software marketing. "Dell is committed to making it easier for people to access and manage their digital content with their PCs, and with Qflix-enabled DVD drives, movie fans can now burn their movies and TV shows to DVDs that can be played on most standard DVD players, whenever, wherever they want." http://www.emedialive.com/Articles/ReadArticle.aspx?ArticleID=14587
DVRs - Pioneer, Light-on, and Dell Qflix: 9/08 review: http://www.emedialive.com/Articles/ReadArticle.aspx?ArticleID=14063
Kiosks - a number of companies doing trials at various retailers this fall, most using QFLIX
MOD Qflix Retailers:
Blockbuster kiosks MAYBE their Blockbuster Express will include MOD?: "Camara has been charged with ensuring that 3,000 Blockbuster Express kiosks will be deployed by the end of the year, with 10,000 in place by the end of 2010.http://www.videobusiness.com/article/CA6666264.html?q=digital+downloads AND "Keyes said that more than 3,000 machines, which have double the storage of kiosk-leader Redbox’s machines and might be set up to accommodate DVD sales, trade-ins and , will be digital downloads in place by the end of the year. "http://www.videobusiness.com/article/CA6658580.html?q=digital+downloads
Warner Bros online, using QFLIX
Amazon, using QFLIX
Article:
"June, 2009: ...After years of being hyped as the next big thing, DVD manufacturing-on-demand is finally poised to fulfill its promise, allowing suppliers to put out thousands of films and TV shows too niche to justify a traditional DVD release. In the coming months, consumers will be able to choose from a growing range of made-to-order DVDs, everything from classic Warner Home Video movies to original Web shows.
Ironically, it’s partly the struggling economy and the slide in DVD sales and shelf space that’s benefiting MOD, in which a DVD is made when a customer places an order. The ability to now include CSS encryption, the same copy protection used on mass-produced DVDs, has been an equally powerful selling point for major studios... “The thing that’s changing is now people are recognizing that customers of content shop for content; they don’t shop for delivery formats,”
Warner Bros. Home Entertainment Group became the first major studio to offer its films through MOD this year with the launch of Warner Archive. The studio says it expects to have more than 300 films from its library available for consumers to purchase as a made-to-order DVD or download by the end of the year."
http://www.videobusiness.com/article/CA6666263.html?q=digital+downloads
DIGITAL DEVICES
Web-Connected Blu-Ray Players LG BD370/BD390 Probably Samsung (Blockbuster)
Internet Connected TVs HPMediaSmart TV, Probably Samsung (via Blockbuster) Those running Yahoo Widgets in future (both CinemaNow and Blockbuster on demand): http://connectedtv.yahoo.com/services/tv-widgets
Specific ones used not specified but probably Vizio (Blockbuster), but here are ICTVs on the market and coming soon:
Web-enabled TVs on the market:LG 47LH50 LCD HDTV (47-inch),LG 50PS80 plasma TV (50-inch),Panasonic TC-P54Z1 (54-inch),Panasonic TC-P54V10 (54-inch),Panasonic TC-P50V10 (50-inch),Panasonic TC-P54G10 (54-inch),Panasonic TC-P50G10 (50"),,Panasonic TC-P46G10 (46"),Panasonic TC-P42G10 (42")
Coming soon:Vizio SV422XVT (47" - Oct.),Vizio SV422XVT (42" - Nov.),Vizio VF552XVT (55" - Dec.)
Home Theater Systems: LG: LHB953 and LHB977 Possibly Samsung (via Blockbuster)
TIVO DVRs buy Disney movies using Tivo, or use Cinemanow.com to send movies of your choice to the Tivo."MARCH 25 | Blockbuster and TiVo reached an agreement to have the video-rental chain's digital titles downloadable to TVs through TiVo's digital video recorders..Blockbuster OnDemand titles will be downloadable through TiVo's Series2, Series3, HD and HD XL DVRs by the second half of this year, the companies said in a statement today.Blockbuster, the largest U.S. video-rental chain, also will sell TiVo DVRs at "thousands" of stores as well as on the Blockbuster.com Web site.http://www.videobusiness.com/article/CA6646562.html?q=digital+downloads
Set-Top Boxes
VuNowIPTV by Verismo, for India: http://www.sonic.com/about/press/news/2009/07/verismo.aspx
Blockbuster Media Point box made by 2Wire
Gaming Consoles:
Nintendo WII in the Japanese market. First company to partner with Nintendo Wii. Worlds leading game console. Paramount Pictures signed so far. "A Sonic spokesman said the deal is part of a larger plan for Roxio CinemaNow around game consoles...The Wii might lag behind competitors in offering movies, but it has a major advantage in its install base, which is double that of its competitors with an estimated 50 million households worldwide at the end of 2008. In comparison, the Xbox 360 had an install base of 25 million households, while the PlayStation 3 was in 21 million households." Announced June 2009 http://www.videobusiness.com/article/CA6667328.html?q=digital+downloads
XBOX not currently offered, though movies from CinemaNow can be view on an XBOX
Playstation no
Potential profit? "As of February, more than 380 million pieces of digital content have been downloaded through its PlayStation Network, adding $180 million to Sony's coffers since it began offering movies and TV shows last summer." http://www.videobusiness.com/article/CA6641026.html?q=digital+downloads
Portable Media Players Archos 5, 7, 404, 504, 604, 605 wireless, Creative Zen Vision W, Samsung P2
IPhone -- future plans to allow streaming to it
IPOD -- future plans to allow streaming to it
Phones Probably Motorola (Blockbuster)
MAC -- future plans to allow streaming to it
USB Flash Media Drives: expected late 2009: http://www.sonic.com/about/press/news/2009/07/hollywood-hits-usb.aspx
POWERING RETAILERS:
Blockbuster March 25: " In January, the company agreed to join with online movie service CinemaNow to create Blockbuster Powered by CinemaNow, which will start delivering movies to Blu-ray Disc players, Internet-connected TVs, mobile phones and even the iPhone later this year. The multi-year preferred provider agreement between Blockbuster and Sonic Solutions, which acquired CinemaNow late last year, will put the rental giant on some of the same devices through which its main online rival, Netflix, has already begun streaming its own digital content."http://www.videobusiness.com/article/CA6646562.html?q=digital+downloads
Zip.ca, Canada's leading DVD-by-mail rental company by end of 2009 "Zip.ca is exploring both a la carte rentals and purchases and a subscription model for what will be the first large-scale movie download service in Canada." "offering movie and TV show downloads both on its Web site and embedded in consumer electronics evices." Announced June 26http://www.videobusiness.com/article/CA6667597.html?q=digital+downloads
BestBuy June22: "Best Buy is getting into the digital movie business through a partnership with Sonic Solutions to sell Roxio CinemaNow movies on the Best Buy Web site and on select devices sold in stores.... The deal is for all CinemaNow content, so the Best Buy service will have new releases from all major studios. The partners declined to say when downloads will start on the Best Buy Web site, but the introduction is believed to be imminent....Neither Sonic nor Best Buy officials would say which devices at Best Buy the Roxio CinemaNow service would be available on."http://www.videobusiness.com/article/CA6663016.html?q=digital+downloads
Lionsgate(studio)
Warner Bros(studio)
Costco? Listed but can't find info
Telcos? Alluded to Century-tel has a relationship with CinemaNow
BLU RAY DISCS
Something to consider:
"Novato, California-based Sonic sells technology for making Blu-ray discs, the DVD industry's new high-definition standard, to companies including Technicolor, owned by Thomson SA of France. Sonic's sales to DVD producers may double to $18 million in 2009, equivalent to 13 percent of total revenue for the year, according to Piper Jaffray analyst Michael Olson, who doesn't rate the shares.
``It's an unloved orphan right now,'' said Len Wanger, a portfolio manager with William Harris Investors in Chicago, which added 35,300 shares in the first quarter and holds a 3.1 percent stake. ``They've got some very good intellectual property and brand names and initiatives they've invested in. There's very interesting upside here.''
..
Sonic said it supplies 80 percent of the market [I believe higher now] for professional DVD authoring, a process that includes creating video menus and director or actor commentaries. ...
Blu-ray disc sales will reach $9.5 billion and overtake conventional DVDs by the end of 2012, according to the Entertainment Merchants Association, a U.S. trade group for the home-video industry. "
http://www.bloomberg.com/apps/news?pid=20670001&sid=aBlGCipS4BK4
tedm
BSWB
16 years ago
Sonic Solutions Receives Notice from NASDAQ Due to Inability to Timely File Form 10-Q
NOVATO, Calif., Nov. 21 /PRNewswire-FirstCall/ -- Sonic Solutions(R) (Nasdaq: SNIC) today announced it had received, as expected, an additional notice of non-compliance from the Listing Qualifications Staff of The NASDAQ Stock Market (the 'Staff') on November 15, 2007 due to Sonic's failure to timely file its Quarterly Report on Form 10-Q for its fiscal quarter ended September 30, 2007 (the 'Additional Staff Determination'), as required by NASDAQ Marketplace Rule 4310(c)(14).
As previously announced on February 1, 2007, Sonic has commenced a voluntary review of its historical and current stock option grant practices and related accounting. Based on the review, the audit committee of Sonic' s board of directors and Sonic's management have preliminarily concluded that, under applicable accounting guidance, Sonic lacks sufficient documentation for certain historical option grants and that the measurement dates associated with these option grants will need to be adjusted. Further, as previously announced, the audit committee, after consultation with management and Sonic's board of directors, has determined that Sonic's annual and interim financial statements may no longer be relied upon.
Sonic has determined that it will have to record additional cash and non- cash charges for stock-based compensation expense and restate its previous financial statements, and that such charges will be material. Sonic is not yet able to determine the amount of such charges or the resulting tax and accounting impact of these actions. Sonic intends to file its restated financial results and related periodic reports as quickly as possible.
As previously announced, Sonic received prior notices of non-compliance from the Staff based upon Sonic's failure to timely file its Quarterly Reports on Form 10-Q for the quarters ended December 31, 2006 and June 30, 2007 and its annual report on Form 10-K for its fiscal year ended March 31, 2007, each as required by NASDAQ Marketplace Rule 4310(c)(14) and for failure to solicit proxies and hold an annual meeting for its fiscal year ended March 31, 2006, on or before March 31, 2007 as required by NASDAQ Marketplace Rules 4350(e) and 4350(g), respectively. On October 26, 2007 Sonic received a letter from the NASDAQ Listing Hearing and Review Council (the 'Listing Council') notifying Sonic of its decision to grant Sonic an exception to demonstrate compliance with all of The NASDAQ Global Select Market's continued listing requirements until December 26, 2007 (the 'Compliance Date'). While Sonic is working diligently to meet the applicable listing requirements by the Compliance Date, Sonic now believes it will need additional time to regain full compliance with the NASDAQ filing requirements and to hold an annual meeting for its fiscal year ended March 31, 2006. As a result, Sonic plans to submit a request to the NASDAQ Board of Directors to call the Listing Council's decision for review, to grant Sonic additional time to regain compliance with The NASDAQ Global Select Market's continued listing requirements and to stay the delisting of Sonic's common stock from The NASDAQ Global Select Market. In the event the NASDAQ Board of Directors elects not to call the Listing Council's decision for review and stay the delisting of Sonic's common stock, Sonic's common stock would be subject to delisting from The NASDAQ Stock Market.
About Sonic Solutions
Sonic Solutions (Nasdaq: SNIC; http://www.sonic.com) enables the creation, management, and enjoyment of digital media content from Hollywood to home. Sonic's products range from the advanced authoring systems used to produce Hollywood DVD, HD DVD, and Blu-ray Disc film releases to the award-winning Roxio(R)-branded photo, video, music, and digital-media management applications. Sonic's patented technologies and AuthorScript(R) media engine are relied upon by leading technology firms to define rich media experiences on a wide array of consumer electronics, mobile devices, set-top players, retail kiosks, and PCs. Always an innovator, Sonic has taken a leading role in helping professional and consumer markets make the successful transition to the new high-definition media formats and, through the DVD On Demand(TM) and Qflix platforms, Sonic is defining new models for the digital distribution of premium Hollywood entertainment. Sonic Solutions is headquartered in Marin County, California.
Sonic, the Sonic logo, Sonic Solutions, AuthorScript, Sonic DVD On Demand and Roxio are trademarks or registered trademarks of Sonic Solutions or its subsidiaries in the United States and/or other countries. All other company or product names are trademarks or registered trademarks of their respective owners and, in some cases, are used by Sonic under license.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward- looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'predicts,' 'believes,' 'seeks,' 'estimates,' 'may,' 'will,' 'should,' 'would,' 'could,' 'potential,' 'continue,' 'ongoing,' similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.
These risks and uncertainties include, but are not limited to, our ability to persuade the NASDAQ Board of Directors to call the decision of the Listing Qualifications Staff of The NASDAQ Stock Market for review and to continue the listing of our securities on The NASDAQ Global Select Market; the scope of the equity awards for which accounting measurement dates will change; the amount and timing of stock-based compensation and other additional expenses to be recorded, and the corresponding restatement of our financial statements; other accounting adjustments that may result from review of our financial statements for the periods in question; the ramifications of our inability to file required reports with the SEC on a timely basis; potential claims and proceedings relating to such matters, including shareholder litigation and action by the SEC or other governmental agencies; other actions taken or required as a result of the review; and negative tax or other implications for the company resulting from the accounting adjustments and other factors.
BSWB
16 years ago
CinemaNow and Sonic Partner to Enable Secure Movie Download and Burn
PR Newswire - November 06, 2007 6:30 AM ET
Licensing Agreement Will Allow Consumers to Legally Record Thousands of Hit Movies and TV Shows to DVD at Home
NOVATO, Calif. and MARINA DEL REY, Calif., Nov. 6 /PRNewswire-FirstCall/ -- Sonic Solutions(R) (Nasdaq: SNIC), the leader in digital media software, and CinemaNow (http://www.cinemanow.com), a digital entertainment innovator delivering high-quality Hollywood movies and TV shows across multiple platforms, announced today a collaboration that will enable consumers to legally burn Internet downloaded entertainment onto protected recordable DVDs for playback on standard and high-definition players. CinemaNow is participating in Sonic's Qflix(TM) technology and Intellectual Property licensing program, which allows video entertainment to be recorded to DVD using industry approved Content Scramble System (CSS) encryption. Additionally, CinemaNow's robust library of video content will be available within Sonic's movie download application, Roxio Venue(TM) that will be distributed through Sonic's broad OEM and retail channels to provide convenient access to millions of consumers.
CinemaNow will offer the largest selection of movies, TV shows, music videos and more through its online movie store within Roxio Venue and manage content licensing and delivery for consumers. Roxio Venue is now available to PC OEMs for inclusion on systems equipped with Qflix-enabled DVD burners.
"Our commitment to enhancing the digital entertainment experience has driven CinemaNow to develop a comprehensive set of tools that deliver high-quality movies and television programs across multiple platforms," said Curt Marvis, CEO of CinemaNow. "In moving quickly to integrate our service with Sonic's application, we are pleased to unlock a vast collection of previously unavailable content for consumers to instantly access in the home and burn to DVD."
Based on the recently approved industry specifications for recording electronic downloads set by the DVD Forum and the DVD Copy Control Association (DVD CCA), Qflix offers a new means for content owners, including major film studios and niche producers, to release titles for custom production and sale over the Internet while maintaining the same level of copy protection used on commercially mass-produced DVDs.
"The online video distribution industry will get a massive shot in the arm with the ability to burn downloaded video to DVD with the same protection and ubiquitous playability of packaged DVDs," said Jim Taylor, senior vice president and general manager of Sonic Solutions' Advanced Technology Group. "We are confident that our partnership with CinemaNow will fuel the burn-to-DVD business and provide content owners with a new, valuable distribution platform."
About CinemaNow
CinemaNow, Inc. (http://www.cinemanow.com) is an innovator in digital entertainment technology, delivering high-quality Hollywood movies, TV shows, and music videos to users across multiple platforms. Founded in 1999, CinemaNow has partnered with some of the biggest brands in consumer electronics and digital entertainment including ARCHOS, Hewlett-Packard, Samsung, Microsoft and EchoStar Communications to deliver thousands of video titles directly to consumers. CinemaNow works with more than 250 licensors including 20th Century Fox, ABC News, Disney, HDNet, Lionsgate, MGM, Miramax, NBC Universal, New Line Cinema, Paramount Pictures, Sony, Sundance Channel and Warner Bros.
About Sonic Solutions
Sonic Solutions (Nasdaq: SNIC; http://www.sonic.com) enables the creation, management, and enjoyment of digital media content through its Hollywood to Home(TM) products, services, and technologies. Sonic's products range from the advanced authoring systems used to produce Hollywood DVD, HD DVD, and Blu-ray Disc film releases to the award-winning Roxio(R)-branded photo, video, music, and digital-media management applications. Sonic's patented technologies and AuthorScript(R) media engine are relied upon by leading technology firms to define rich media experiences on a wide array of consumer electronics, mobile devices, set-top players, retail kiosks, and PCs. Always an innovator, Sonic has taken a leading role in helping professional and consumer markets make the successful transition to the new high-definition media formats and, through the DVD On Demand(TM) and Qflix(TM) platforms, Sonic is defining new models for the digital distribution of premium Hollywood entertainment. Sonic Solutions is headquartered in Marin County, California.
Forward Looking Statements
This press release may contain forward-looking statements that are based upon current expectations, including the distribution and market acceptance of the Qflix program. Actual results could differ materially from those projected in the forward-looking statements as a result of various risks and uncertainties, including those discussed in the Company's annual and quarterly reports on file with the Securities and Exchange Commission. This press release should be read in conjunction with the Company's most recent annual report on Form 10-K, Form 10-Q and other reports on file with the Securities and Exchange Commission, which contain a more detailed discussion of the Company's business including risks and uncertainties that may affect future results. The Company does not undertake to update any forward-looking statements.
Sonic, the Sonic logo, Sonic Solutions, AuthorScript, Hollywood to Home, Sonic DVD On Demand, Qflix, and Roxio are trademarks or registered trademarks of Sonic Solutions in the United States and/or other countries. All other company or product names are trademarks of their respective owners and, in some cases, are used by Sonic Solutions under license.
SOURCE Sonic Solutions
http://www.sonic.com
$10.33
BSWB
16 years ago
Form 8-K for SONIC SOLUTIONS/CA/
--------------------------------------------------------------------------------
23-Aug-2007
Results of Operations and Financial Condition, Financial Statements and Exhib
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On August 23, 2007, Sonic Solutions (the "Company") issued a press release regarding its selected preliminary financial results for the first quarter ended June 30, 2007. A copy of the press release, dated August 23, 2007, is attached hereto as Exhibit 99.1.
The Company's selected preliminary results and guidance may be adjusted as a result of the expected restatement of historical results. As previously announced on February 1, 2007, the Company has commenced a voluntary review of its historical and current stock option grant practices and related accounting. Based on the review, the audit committee and company management have concluded that, under applicable accounting guidance, the Company lacks sufficient documentation for certain historical option grants and that the measurement dates associated with these option grants will need to be adjusted. Further, as previously announced, the audit committee, after consultation with management and the Company's board of directors, has determined that the Company's annual and interim financial statements may no longer be relied upon.
The Company believes it will have to record additional cash and non-cash charges for stock-based compensation expense and restate previous financial statements, and that such charges will be material. The Company is not yet able to determine the amount of such charges or the resulting tax and accounting impact of these actions. The Company intends to file its restated financial results and related periodic reports as quickly as possible.
All results, guidance, and revenue recognition procedural changes reported in Exhibit 99.1 are presented without taking into account any adjustments that may be required, including with respect to either current or previously reported results in connection with any restatement and should be considered preliminary until the Company files its quarterly report on Form 10-Q for the first quarter ended June 30, 2007, its annual report on Form 10-K for the fiscal year ended March 31, 2007, its quarterly report on Form 10-Q for the third quarter ended December 31, 2006 and any required restatement of historical financial statements. Investors are cautioned that Sonic is unable to provide reconciliations to corresponding U.S. Generally Accepted Accounting Principles ("GAAP") measures for the non-GAAP information provided in this press release due to the ongoing options practice and accounting review. The non-GAAP information includes those measures that exclude stock-based compensation costs and/or other expenses that would otherwise be included in the applicable GAAP measures.
On July 23, 2007, the Company announced that it had received notification that the NASDAQ Listing and Hearing Review Council (the "Listing Council") has determined to call for review the decision delivered by the NASDAQ Listing Qualifications Panel (the "Panel"). In that decision, which was set forth in a letter received by the Company on April 23, 2007, the Panel had decided to continue the Company's listing, provided that the Company file its Form 10-Q for the quarter ended December 31, 2006 and its Form 10-K for the period ended March 31, 2007, and solicit proxies and hold an annual meeting for its fiscal year ended March 31, 2006, on or before July 23, 2007. As previously announced, the filing and holding of an annual meeting were delayed due to the Company's voluntary review of our historical and current stock option grant practices and related accounting. Concurrent with the call for review, the Listing Council determined to stay the suspension of the Company's securities by the Panel. Accordingly, pending further action by the Listing Council, the Company's shares will remain listed on The Nasdaq Global Select Market. The Listing Council has invited the Company to make a submission regarding the status of the options review on or before August 31, 2007.
The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto are being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Item 2.02 of Form 8-K and Exhibit 99.1 shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
--------------------------------------------------------------------------------
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
d. Exhibits
The following exhibit is furnished with this Current Report on Form 8-K:
Exhibit Description
99.1 Press Release of Sonic Solutions dated August 23, 2007
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jimthesaint
13 years ago
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