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Let's use the wayback machine ...

http://slate.msn.com/id/2125170/fr/rss/ Aug. 26, 2005 Yet in the midst of the misery comes a ray of hope: Sony's half-dollar-sized Universal Media Disc, which can be used to play movies on the company's PlayStation Portable. To the surprise of tech pundits everywhere, UMD movies have been selling splendidly since the first discs came out in April—American consumers have purchased more than 500,000 so far, according to one industry estimate. The DVD, by comparison, took a full year to ship half a million units in the United States after its 1997 debut. There's not yet a formal list of UMD best-sellers, but the current chart-topper at Amazon is Sin City. How did Robert Rodriguez's* ultra-violent comic-book adaptation become this week's UMD king?
http://www.pspworld.com/sony-psp/umd-movies/umd-sales-strong-sony-to-boost-production-001384.php Aug 31, 2005 At the Entertainment Media Expo in Hollywood, Sony executives touted the success of their UMD format. The company said it has already sold 9 million games on UMD and 8.2 million movies. Sony is currently producing 200,000 UMDs a day and future capacity is expected to be 500,000 per day. Sony expects videos to account for more than 60 percent of all UMD sales in the a few years, with an expected 130 million UMDs being sold in 2008.
http://www.variety.com/article/VR1117938320.html?categoryid=18&cs=1&s=h&p=0 Aug 31, 2005 Sony's PlayStation Portable isn't turning out to be the hot new movie platform many in the biz had hoped. With sales falling below expectations, Sony Pictures Home Entertainment, Paramount Home Entertainment and Warner Home Video are cutting back on movie releases for the PSP.
http://www.gamepro.com/news.cfm?article_id=74916 07/19/2006 "[UMD movies] have been discontinued and aren't available at any of our stores," the e-mail reads. This comes as final proof that the company has discontinued its UMD movie selection in its brick and mortar stores, though the company still lists a sizable selection on its web site. It's unknown if the company will stop selling UMD movies online, as well.
Many (MANY) formats have been created and few survive to become accepted in the mass market ... For years Laserdisc provided a much clearer (higher definition) image and had much better sound but people stuck with the inferior VHS format ... Regardless of who wins this format war, they will still have an uphill battle to prove to people that they need this format