Sony had the right to bail out on September 30, but will hang in for two years — with two, one-year options to extend the agreement past 2014 — Redbox parent Coinstar says in an SEC filing this morning. The latest change in their alliance also will give Redbox the option to license Blu-ray discs from Sony. When the companies revised their deal last year, Sony said that Redbox could keep DVDs in its kiosks for as long as a year — twice as long as the studio previously allowed. “With three years of data to analyze, we believe it is a positive sign that Sony has not seen any adverse impact from the Redbox agreement and did not follow Warner Bros’ lead in pushing for a delay,” B. Riley analyst Eric Wold says. Warner wanted its videos to have a 56-day head start on store shelves before hitting the kiosks. Redbox refused, and now buys Warner DVDs from retailers instead of directly from the studio. The extension with Sony should come as a relief to Coinstar. Its stock has declined about 20% since last Thursday, when it disclosed Q2 earnings that fell short of the Street’s expectations. Coinstar shares are up 2.4% in early trading. No word in the filing about whether the new deal might affect Redbox’s planned streaming joint venture with Verizon: to be called Redbox Instant By Verizon.
Culver City, Calif. (July 19, 2012) – Sony Pictures Home Entertainment (SPHE) has promoted Jason Spivak to Executive Vice President of Worldwide Digital Distribution. The announcement was made today by Jim Underwood, Executive Vice President, Worldwide Digital and Commercial Strategy, to whom he reports.
In this role, Spivak will continue to lead the team responsible for SPHE’s transactional digital business around the world.
London, UK (March 27, 2012) – Sony Pictures Home Entertainment (SPHE) UK today announced three of the studio’s hottest summer releases, Jack & Jill, The Vow and 21 Jump Street, will arrive in stores through June and July 2012 with UltraViolet digital versions of the movies included with their respective Blu-ray Discs™ and DVDs.
After a customer purchases a Blu-ray Disc or DVD with UltraViolet and creates their free cloud-based UltraViolet account, they will be able to access their movie through any UltraViolet-compatible service or device – from PCs and tablets to TVs and smart phones. UltraViolet gives users unprecedented freedom and flexibility to download and stream their movies most anywhere they can access the Internet. Users can even share their library with up to six family members in their household account.
This is sure to be generating some high-fives over at Sony Pictures Home Entertainment. In a nice marketing touch, the DVD for Columbia Pictures’ David Fincher-directed The Girl With The Dragon Tattoo that …
Culver City, CA (March 22, 2012) – Sony Pictures Home Entertainment (SPHE) today announced that Kim Overall has been appointed to Senior Vice President, Northern Europe. The announcement was made by Matt Brown, Executive Vice President of Worldwide Commercial, to whom Overall will report.
Overall joined the company in 2008 as the Managing Director for Australia and New Zealand. Prior to SPHE, she was European Vice President of International Sales & Marketing at Paramount Home Entertainment as well as Vice President of International Marketing for DreamWorks Home Entertainment, both positions based in London.
Culver City, Calif. (March 20, 2012) – Sony Pictures Home Entertainment (SPHE) today announced that Jim Underwood has been appointed Executive Vice President, Worldwide Digital and Commercial Strategy, reporting to David Bishop, SPHE President.
Promoted from the role of Executive Vice President, Corporate Development at Sony Pictures Entertainment, Underwood will now be responsible for SPHE’s transactional digital business around the world and will develop and implement the studio’s integrated strategy for the home entertainment market across all channels of distribution. In his new role, he will oversee SPHE’s digital distribution, digital strategy and operations, commercial planning, and business affairs groups. Jason Spivak will continue to lead the team responsible for SPHE’s transactional digital distribution, reporting to Underwood.
Culver City, Ca. (1/31/12) – Matt Brown has been named Executive Vice President of Worldwide Commercial for Sony Pictures Home Entertainment, announced SPHE Worldwide President David Bishop, to whom Brown will report.
Brown, who was previously Executive Vice President – North America and International, now adds oversight for all commercial initiatives in Europe to his current portfolio of responsibilities, which had included North America and international excluding Europe.
Brown will work closely with Aodan Coburn, Executive Vice President of Worldwide Operations and Licensing, in managing the regions encompassing Latin America, Asia Pacific and the Emerging Markets. Coburn’s expanded responsibilities will be in addition to his current focus on global licensing and supply chain. He will report to Brown on all commercial matters, and he will continue reporting to Bishop for operations and supply chain.
Zurich Film Festival To Present Paul Haggis with Golden Eye
The festival will also screen a retrospective of the Oscar-winning screenwriter and filmmaker’s work, which includes Million Dollar Baby, Crash and In the Valley of Elah. In addition, Haggis will lead one of the festival’s master class workshops, where he will discuss his work and career. Previous honorees at the festival, which will run Sept. 22-Oct. 2, include Roman Polanski, Milos Forman and Oliver Stone.
Universal, Sony Merge Home Entertainment In Australia
Sony Pictures Home Entertainment and Universal Pictures International Entertainment will combine operations in Australia in 2012 for the distribution of DVD and Blu-ray movies and TV shows. The new unit will be headed by Jim Bachelor, currently managing director for Universal Pictures Australia and New Zealand; and Kim Overall, managing director, Australia and New Zealand, SPHE, who will be in an advisory role. The unnamed joint venture, announced today by Eddie Cunningham, president of UPIE, and Matt Brown, EVP, international for SPHE, must still meet antitrust guidelines in Australia.