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HD VMD predicts 500,000 units sold worldwide in '08

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If you missed out on (read: forgot, don't feel bad, we did too) Global VMD Day last month, allow VideoBusiness
to bring you up to speed on the plucky red laser HD format. NME thinks with its low production costs and movie prices -- about the same as a standard DVD -- it can move 500,000 of the 1080p standalone players worldwide this year. The company has had some success dealing with international distributors, resulting in high profile movies like Apocalypto available on the format in Australia. In the U.S., the only studio noted is Anthem Pictures, which plans to release three titles a month. With HD DVD prices plunging and Blu-ray's expectations soaring its tough to see HD VMD competing with the big boys.

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