MoneyThat was the gist of a presentation by News Corp president Peter Chernin Tuesday. He said that consumers with high priced home theater systems would be "desperate consumers" of such offerings. Apparently his plan calls for "rental" releases via cable and satellite 60 days after they hit theaters. They think this could create new market for "home premieres" between the theatrical release and typical DVD windows.

So wait, you want me to see the movie in the theater, download it, then buy it on DVD? So instead of producing better movies that people want to come out and see, the movie industry just plans on consumers being willing to pay to see the same movie overandoverandover.....sounds like TNT's weekend lineup.

This plan seems really bad, Philip Swann at TV Predictions doesn't sound too enthused and neither does Henning at HDBlog. Are we all missing the point and there is actually a huge market for this or do you think it will crash and burn?

[Via digg]

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News Corp thinks you'll pay $30 per flick for on demand HD