It seems the demise of UMD movies might have been greatly exaggerated.
In a story from Home Media Retailing, Sony seems to be reworking the films they are providing for the player.
"Each time there's a new movie playback device, Hollywood looks to go into the archive," said Peter Dille, SVP of marketing for Sony Computer Entertainment America. "But the PSP consumer doesn't need the entire library out on retail shelves. We didn't really talk to the studios well enough to tell them who the PSP consumer was and what type of content they might be interested in. On Golden Pond doesn't make a lot of sense on PSP. Unfortunately, without that dialogue, there were a number of studios that put out content that didn't make sense to us."
Dille went on to say that "Sony hired Phil Rosenberg as VP of business development to work directly with the Hollywood studios on movie content for UMD as well as for PlayStation Network downloads."
He stated that the UMD format is here to stay as far as how movies are provided, but he didn't rule out offering "other types of entertainment" at some point via Sony's PSP download site.