Spielberg invested in DIVX?

Posted by Abner from user-2ive8ip.dialup.mindspring.com on October 12, 1999 at 21:52:41:

In Reply to: WHY LUCAS and Senior Spielbergo are ambivolent with DVD posted by CowBoy on October 12, 1999 at 20:26:32:

I know he supported it but I didn't realize he was an investor. If he was Why didn't he put out Jurassic Park, etc. for DIVX only? Surely that might have helped a lot. If he was a backer I think his name should be $pielberg. I'm so glad DIVX died!

Cheers,
Abner

: I work in the industry and know the reason why you haven't seen the Spielberg/Lucas films on dvd. Both of them way back in 1995 invested a TON, I mean a TON of money in the DIVX technology. As you all know the DIVX went bust faster than you can say Beta.
: Both of them took a heavy investment loss and left them bitter with the entire dvd thing. I know to them losing 100 million of personal money is like you dropping a nickel, but that's why there's been such ambivolence with these guys - hurt feelings and all.
: Looks like they're finally starting to see the light. I can't wait for the Indy trilogy and Close Encounters/jaws, etc... These guys are gonna crank on dvd! If you thought the matrix has cool features, wait till you see what's next.

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: I know he supported it but I didn't realize he was an investor. If he was Why didn't he put out Jurassic Park, etc. for DIVX only?  Surely that might have helped a lot. If he was a backer I think his name should be $pielberg. I'm so glad DIVX died!

: Cheers,
: Abner

: :   I work in the industry and know the reason why you haven't seen the Spielberg/Lucas films on dvd.  Both of them way back in 1995 invested a TON, I mean a TON of money in the  DIVX technology.  As you all know the DIVX went bust faster than you can say Beta. 
: :   Both of them took a heavy investment loss and left them bitter with the entire dvd thing.  I know to them losing 100 million of personal money is like you dropping a nickel, but that's why there's been such ambivolence with these guys - hurt feelings and all. 
: :   Looks like they're finally starting to see the light.  I can't wait for the Indy trilogy and Close Encounters/jaws, etc...  These guys are gonna crank on dvd!  If you thought the matrix has cool features, wait till you see what's next.

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