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Circuit City Files for Bankruptcy



Even after shutting down 155 retail stores and announcing plans to cut around 17-percent of its 43,000 employees, Circuit City couldn't avoid the dreaded bankruptcy court. Today, the Virginia-based company (along with 17 affiliates) petitioned for Chapter 11 protection in Richmond as it attempts to survive under the crushing pressure from Best Buy / Wal-mart. Beyond that, details about the outfit's future are unclear, though Best Buy has reportedly stated that it "might take over stores that distressed rivals close." Please, no.

[Via Bloomberg, image courtesy of AFSmith; thanks Daniel]

Audio/Video, Home Video

JVC Stops Making Standalone VCRs


We were fully prepared to start harshing on VHS as a dead-end technology that never went anywhere during its time in retail (as a joke, of course), and out of nowhere, a bona fide tear slowly ran down our left cheek. Today, friends, is a day worth remembering. Today truly marks the end of an era, and as far as we can tell, JVC really was the only company still producing standalone VCRs. Of course, the outfit will continue to serve customers with a need to play back VHS tapes by offering up DVD / VHS combo units, but those looking for a shiny new slice of retro in 2008 will be out of luck after remaining inventories dry up.

All told, over 900 million VCRs were produced worldwide, with 50 million of those boasting a JVC label. The iconic VCR has been around for over 30 years now -- here's hoping the videocassette lives on in your domicile in one form or another, even if it's just the resident dust collector. [Via Impress]

Audio/Video, Computers

RealDVD Lets You Legally Copy DVDs


RealNetworks, the company you love to hate, is back with a new product sure to capture the attention of Hollywood and its MPAA thugs. For $30, RealDVD plans to do what DVD Jon enabled years ago -- namely, making digital copies of your DVDs. Unlike Jon's illegal DRM stripping software, RealNetworks' approach lays on additional DRM allowing you to make a single copy, only, playable on the machine doing the rip -- up to five additional Windows PCs can be authorized at a cost of $20 per.

Real thinks that the use of the additional DRM coupled with Kaleidescape's legal victory -- a ruling that seemingly authorizes users to copy DVDs for their own personal use -- will help it escape the wrath of the MPAA. Not that RealNetworks has ever been afraid of a fight as demonstrated by its 2004 scuffle with Apple when it began offering software that allowed iPods to play Real's DRM'd content. Good thing too because we're pretty sure that shutting down the planned start of RealDVD's sales at the end of this month is the number one topic around the bunny-juice dispensers at the MPAA offices this morning.

[From: NYTimes via cnet]

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