To Fulfill the Promise of the Digital Living Room, Hollywood Must Adapt Its Business Models, According to BearingPoint's Khan

To Fulfill the Promise of the Digital Living Room, Hollywood Must Adapt Its Business Models, According to BearingPoint's Khan

MCLEAN, Va., March 29 /PRNewswire-FirstCall/ -- While the "Digital Living Room" ecosystem evolves as on-demand television, film and games become more available, entertainment companies must adapt their business models to capitalize on the tremendous opportunities the digital revolution will provide, according to Shahid Khan, a Managing Director with BearingPoint, Inc. (NYSE:BE), one of the world's largest business consulting and systems integration firms.

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"The Digital Living Room or Digital Home concept is real and is here to stay, but currently it is just too cumbersome and expensive for consumers," said Khan. "Hollywood should not let history repeat itself by resisting the development of this new distribution channel, as it did with cable, pay-per- view and video. As we have seen, each new channel eventually provides significant revenue streams to these companies and reasonable rates for consumers.

"In the Digital Home revolution, instead of resisting change, Hollywood should take the lead and define the rules. Entertainment companies should work with all the players in the digital entertainment ecosystem, namely, consumer electronics manufacturers, content packaging companies, enabling technology players, as well as cable and satellite companies, to define the digital entertainment value chain, each players' role, and how much of the overall revenue pie it shares," added Khan.

Khan will join leading industry experts March 30, to discuss this issue and related topics during the Digital Hollywood Spring panel, "Hollywood and the Digital Home: How Technology and Content Establish the Next Level of Consumer Entertainment Experience," at the Loews Santa Monica Beach Hotel in Los Angeles. The session will include leaders of the digital entertainment revolution providing new insights on how to gain digital market share.

To speak with Khan about the panel, or related issues, please contact John La Place at 212-896-6213, or john.laplace@bearingpoint.com.

About BearingPoint, Inc.

BearingPoint, Inc. (NYSE:BE) is one of the world's largest business consulting, systems integration and managed services firms serving government agencies, Global 2000 companies, medium-sized businesses and other organizations. We provide business and technology strategy, systems design, architecture, applications implementation, network infrastructure, systems integration and managed services. Our service offerings are designed to help our clients generate revenue, reduce costs and access the information necessary to operate their business on a timely basis. Based in McLean, Va., BearingPoint has been named by Fortune as one of America's Most Admired Companies in the computer and data services sector. For more information, visit the Company's website at http://www.bearingpoint.com/.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030915/DCM007LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: BearingPoint, Inc.

CONTACT: John La Place of BearingPoint, Inc., +1-212-896-6213, or
john.laplace@bearingpoint.com

Web site: http://www.bearingpoint.com/

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