While digital distribution continues to take its toll on the bottom lines of movie studios, record labels and videogame makers, the companies that burn DVDs and CDs are in some pretty bad pain of their own.
This was in evidence Wednesday, when Canadian DVD and CD replication giant Cinram reported a $20.9 million loss for the fourth quarter. The company reported a loss of $31.5 million for all of 2009.
Revenue in the fourth quarter — the high-volume part of the year for disc makers — was down 9 percent to $556.8 million, with all part of the business declining.