Open Road, which made two of the biggest deals at Berlin acquiring domestic on Rock The Kasbah and the John Hillcoat-directed Triple Nine, has extended its deal for ancillaries with Universal Studios Home Entertainment. Here’s the release.
Open Road Films and Universal Studios Home Entertainment (USHE) have renewed their agreement in which Universal handles all marketing, sales and distribution services for Blu-ray, DVD, Electronic Sell-Through and VOD platforms of Open Road Films’ theatrical titles through 2017. The announcement was made today jointly by Tom Ortenberg, CEO of Open Road Films, and Craig Kornblau, President of USHE.
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No layoffs associated with today’s restructuring, which the company says will “streamline operations and best leverage future growth opportunities.” Under the new arrangement, Universal Studios Home Entertainment (USHE) President Craig Kornblau — who had managed … Read More »
Looks like Warner Bros lost an important potential ally in its effort to double the waiting period for Redbox to secure DVDs and Blu-ray discs. Universal Studios Home Entertainment and Redbox said this morning that they’ve agreed to continue their … Read More »
The kiosk company already buys Warner Bros discs on the open market instead of accepting the studio’s insistence that it wait 56 days for new releases. And Paul Davis, CEO of Redbox parent Coinstar, says he’s “comfortable that we could deal with” a similar situation if Universal or Fox also try to change their current arrangement to hold new releases for 28 days before selling discs directly to Redbox. The kiosk company says it offsets the higher price it pays retailers for Warner Bros’ new DVD and Blu-ray releases by carrying fewer of the studio’s titles. “We’re not buying every single movie” from Warner Bros, he told analysts at the Pacific Crest Emerging Technology Summit. ”We’re pretty selective.” The company expects to “learn a lot more as we go through the quarter” about how many discs to buy to satisfy consumers and still make a profit. Although Redbox is prepared to do the same thing with Universal and Fox, Davis says “I don’t believe that’s where we’ll end up.” Read More »
Universal Studios Home Entertainment today filed suit against its former chief operating officer Thomas Emrey, alleging that he breached his contract and fiduciary duties when he took a job as CFO at DineEquity last month. The Glendale-based firm, which operates restaurant … Read More »
Open Road Films, the recently launched theatrical distribution company from exhibitors AMC and Regal, has signed a multiyear agreement with Universal Studios Home Entertainment to handle all marketing, sales and distribution services for Blu-ray, DVD and digital platforms of Open … Read More »