Redbox & Sony Pictures Home Entertainment Announce New Day-And-Date Agreement
CHICAGO and CULVER CITY, Calif., Aug. 24, 2017 /PRNewswire/ -- Redbox, America's leading destination for new-release movie and video game rentals at a great value, and Sony Pictures Home Entertainment (SPHE), signed a new distribution agreement making SPHE titles available at Redbox® kiosks the same day as retail sell-through dates.
"We're pleased to renew our partnership with Sony Pictures Home Entertainment," said Galen Smith, CEO of Redbox. "The partnership ensures that consumers will have day-and-date access to SPHE's robust content slate, while also driving stronger financial performance for both SPHE and Redbox."
"In the evolving marketplace, consumer choice is paramount. At SPHE, we are committed to satisfying consumer demand in all of its forms, and our deal with Redbox is an important part of our efforts to provide a wide range of options for audiences," said Man Jit Singh, President, Sony Pictures Home Entertainment.
Under the new deal, SPHE's titles will be available in Redbox kiosks starting in September.
Redbox is well on its way to having more than 41,500 kiosks nationwide by the end of 2017, with more net new kiosk installations planned in 2018.
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 more than 40,000 conveniently located, self-service entertainment kiosks. For more information, visit www.redbox.com.
ABOUT SONY PICTURES HOME ENTERTAINMENT
Sony Pictures Home Entertainment (SPHE) is a Sony Pictures Entertainment (SPE) company. SPE is a subsidiary of Sony Entertainment Inc., which is a subsidiary of Tokyo-based Sony Corporation. SPE's global operations encompass motion picture production, acquisition, and distribution; television production, acquisition, and distribution; television networks; digital content creation and distribution; operation of studio facilities; and development of new entertainment products, services and technologies. SPE's Motion Picture Group includes film labels Columbia Pictures, Screen Gems, TriStar Pictures, Sony Pictures Animation, and Sony Pictures Classics. For additional information, visit http://www.sonypictures.com
SOURCE Redbox
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