Navarre Corporation announced yesterday that, as a result of the economic recession, they are shutting down BCI Eclipse Company, a wholly-owned subsidiarity and distributor of Blu-ray titles. Their last Blu-ray releases - 'Live From Abbey Road: Best of Season One' and 'Kitaro' - came in November, and no other Blu-ray releases were on their immediate schedule.
Navarre has said that they will absorb BCI's distribution business, but it is unclear if they will continue producing Blu-ray titles.
The "recession" had nothing to do with it. A lot of these companies are using bad economic times as an excuse for a problem that already existed. Would be nice if they just stopped lying and told the truth. Hey, we don't have the money to keep going and were just going to shut down.
We are lucky if this is the extent of the hurt for Blu-ray due to the recession.
So far Blu-ray has done very well.
I just hope they continue down the same path, and continue with BD releases.
Afterall, most other distributors do.
fettastic - Thanks for the dumb comment. Their Blu-rays may not have been the best (to this point) but they brought out some quality DVDs... an incredibly well-done run of box sets for the He-Man & the Masters of the Universe (which I will now have to buy I guess before they get to be $100 apiece). And there was plenty of hope for their future in Blu.
It's never good when a producer of cult titles goes under. That's one more demographic that now has to suffer. Hopefully companies like Blue Underground aren't next!