Bill Mechanic, former chief at 20th Century Fox Studio and involved with Disney’s home video, recently spoke at Independent Film & Television Alliance’s production conference in Santa Monica. According to Home Media Magazine he blamed studios for being more concerned about budgets than changing market forces.

“If I can buy Titanic for under $5 in some stores, why am I so eager then to rush out to pay $30 or so when it’s released on Blu-ray?” Mechanic said. “Is the quality that great? How many formats are yet to come?”

Good point. And if you already own “Titanic” or the three volume “Lord of The Rings” trilogy, are you willing to shell out more bucks for a blu-ray version? I suspect most people will not do so unless they are buying it for the first time.