Hollywood looks to online video to save its bottom line

Hollywood is hoping that a growing array of digital devices, from connected TVs to smartphones and tablets, will help it reverse the 40 percent decline in home entertainment revenues it has seen as DVD sales have tanked. The industry is looking at a seismic shift in the way it does business. And, while the "days of baby steps on the Internet" may be over, as one studio exec said, Hollywood is still struggling to come to a consensus on what all that means. One thing is certain: "It's now critical that we experiment as much as possible and determine how to build a vibrant market for collecting digital movies," said David Bishop, president of Sony Pictures' home entertainment unit. Article