SANTA MONICA, Calif.,
March 30, 2015 /PRNewswire/ --
Redbox® today announced a new agreement with Warner Bros. The
two-year deal maintains a 28-day window on Warner Bros. Blu-ray
Disc™ and DVD titles through March 31,
2017.
"As America's destination for new-release home entertainment,
Redbox is pleased to establish a new deal with Warner Bros. that
allows us to continue to add value to our customers and content
creators," said Mark Horak,
president of Redbox. "Redbox remains committed to driving
substantial industry revenue and providing consumers with
affordable access to new-release movies."
"Redbox is an important partner," said Ron Sanders, president, Warner Bros. World Wide
Home Entertainment Distribution. "And I am very pleased that we
have finalized a new two year agreement."
As of the end of 2014, Redbox's Digital Marketing Network
spanned 90 million touch points, including 39 million email
subscribers, 27 million app downloads, 16 million unique monthly
visitors to redbox.com, 6 million SMS subscribers and nearly 2
million Redbox Play Pass members. Redbox's national footprint of
nearly 35,000 locations generates more than 350 million impressions
at retail each week.
ABOUT REDBOX
Redbox, an Outerwall Inc. (Nasdaq: OUTR)
brand, offers new-release DVD, Blu-ray Disc™ and video-game
rentals through its network of conveniently
located, self-service kiosks. Redbox has rented more than 4
billion discs and is available at nearly 35,000 U.S. locations,
including leading grocery, drug and convenience stores, and select
Walgreens, Walmart and McDonald's locations. For more information,
visit www.redbox.com and for more information about
Outerwall Inc., visit www.outerwall.com.
ABOUT WARNER BROS. HOME ENTERTAINMENT INC.
Warner
Bros. Home Entertainment (WBHE) brings together Warner Bros.
Entertainment's home video, digital distribution and interactive
entertainment businesses in order to maximize current and
next-generation distribution scenarios. An industry leader since
its inception, WBHE oversees the global distribution of content
through packaged goods (Blu-ray Disc™ and DVD) and digital media in
the form of electronic sell-through and video-on-demand via cable,
satellite, online and mobile channels, and is a significant
developer and publisher for console and online video game titles
worldwide. WBHE distributes its product through third party retail
partners and licensees.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Certain
statements in this press release are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Words indicating future events, performance, results and
actions, such as "will" and "expect," and variations of such words,
and similar expressions, identify forward-looking statements, but
their absence does not mean that the statement is not
forward-looking. The forward-looking statements in this press
release include statements regarding Redbox's relationship with
Warner Home Video regarding among other things, a licensing
arrangement. Forward-looking statements are not guarantees of
future performance and actual results may vary materially from the
results expressed or implied in such statements. Differences may
result from, among other things, actions taken by Outerwall, Redbox
or Warner Home Video, including those beyond Outerwall's or
Redbox's control. Such risks and uncertainties include, but are not
limited to, the early termination or renegotiation on materially
adverse terms of the Agreement and failure to abide by the terms
and requirements of the Agreement. The foregoing list of risks and
uncertainties is illustrative, but by no means exhaustive. For more
information on factors that may affect future performance,
including our relationship with Warner Home Video and other
studios, please review "Risk Factors" described in our most recent
Annual Report on Form 10-K and any subsequent Quarterly Reports on
Form 10-Q filed with the Securities and Exchange Commission. These
forward-looking statements reflect Outerwall's expectations as of
the date hereof. Outerwall undertakes no obligation to update the
information provided herein.
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SOURCE Outerwall Inc.