CHICAGO, Jan. 18, 2017 /PRNewswire/ -- Redbox,
America's destination for affordable new-release movie and video
game rentals, today announced a new distribution agreement for 2017
with Paramount Home Media Distribution, ensuring consumers have
access to Paramount titles on DVD and Blu-ray Disc® the same day
they are available in stores. The announcement was made by
Galen Smith, CEO of Redbox, and
Bob Buchi, President, Worldwide Home
Media Distribution, Paramount Pictures:
"This distribution agreement is a win for Redbox, Paramount and
most importantly consumers, who will continue to have access to
Paramount's quality lineup of movies for as low as $1.50 a night," said Galen Smith, CEO of Redbox. "We're thankful that
Paramount supports our commitment to make new-release entertainment
available to consumers across America at a value only Redbox can
deliver."
"We're pleased to continue our business relationship with Redbox
that began over seven years ago," said Bob
Buchi, President, Worldwide Home Media Distribution,
Paramount Pictures. "They are a vital destination for millions of
consumers and an essential part of our commitment to delivering our
world-class films to fans however and wherever they want
them."
About Redbox
With more than 5 billion rentals to date, Redbox is America's
leading destination for affordable new-release movie and video game
rentals. Redbox offers DVD, Blu-ray Disc® and video-game
rentals through the nation's largest network of almost 40,000
conveniently located, self-service entertainment kiosks. For
more information, visit www.redbox.com.
About Paramount Home Media Distribution
Paramount Home Media Distribution (PHMD) is part of Paramount
Pictures Corporation (PPC), a global producer and distributor of
filmed entertainment. PPC is a unit of Viacom (NASDAQ: VIAB, VIA),
home to premier media brands that create television programs,
motion pictures, consumer products, and digital content for
audiences in 180 countries and territories. The PHMD division
oversees PPC's home entertainment and transactional digital
distribution activities worldwide. The division is responsible for
the sales, marketing and distribution of home entertainment content
on behalf of Paramount Pictures, Paramount Animation, Paramount
Vantage, Paramount Classics, MTV, Nickelodeon, Comedy Central and
CBS and applicable licensing and servicing of certain DreamWorks
Animation titles. PHMD additionally manages global licensing of
studio content and transactional distribution across worldwide
digital distribution platforms including online, mobile and
portable devices and emerging technologies.
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SOURCE Redbox