Sony Pictures Home Entertainment has announced that, from 28 March, PlayStation Portable owners will be able to purchase DVD-UMD bundles for movies The Grudge, Resident Evil, Underworld, Crouching Tiger Hidden Dragon and The Terminator. Ghostbusters, Mad Max, The Fifth Element and Snatch are scheduled for a 25 April release, and more bundles will follow in May.

The bundles will be priced at $28.95. This is a price point which should appeal to consumers. In the US, new DVD releases generally sell for between $20-25, while UMD movies carry an RRP of $29.99.

Speaking to Reuters, Sony Pictures Home Entertainment president Benjamin Feingold said: "A lot of people have DVD players and also have PSPs, and this way for one price they can get one movie and play it back on both formats."

The company has made no announcement regarding the release of DVD-UMD bundles in Europe.

SPHE has also announced that Blu-ray versions of older films will carry a wholesale price of $17.95, while new releases will be priced at $23.45. The company has declined to set an RRP, leaving retailers free to determine their own profit margins.

Story filed 09.02.06