FOR IMMEDIATE RELEASE
Sony Pictures Home Entertainment And Redbox Announce Distribution Agreement
Culver City, Ca. (07/20/09) - Sony Pictures Home Entertainment (SPHE) and Redbox Automated Retail have announced a multi-year distribution agreement which will make SPHE new release, direct-to-video and catalog titles available to consumers through more than 17,000 Redbox kiosks nationwide. The announcement was made by David Bishop, President of SPHE, and Mitch Lowe, President of Redbox.
Commenting on the agreement, Bishop stated, "Our consumers have always been the best barometer of where our business needs to go, and clearly Redbox has become an important distribution option. The agreement supports two of our overall business objectives - increasing the availability of our product and eliminating a key source of previously viewed product in the marketplace."
Added Lowe, "Redbox is thrilled to build on our positive relationship with Sony Pictures Home Entertainment and to provide our consumers with increased access to their favorite titles."
About Redbox Automated Retail, LLC
Redbox Automated Retail, LLC, a wholly-owned subsidiary of Coinstar, Inc., offers new release DVD rentals for $1 per night through its network of conveniently located, self-service kiosks. Redbox is available at more than 17,000 locations nationwide, including select McDonald's restaurants, leading grocery and convenience stores, and Wal-Mart and Walgreens locations in select markets. For more information, visit www.redbox.com.
About Sony Pictures Home Entertainment
Sony Pictures Home Entertainment is a Sony Pictures Entertainment company. SPE is a subsidiary of Sony Corporation of America, (SCA), a subsidiary of Tokyo-based Sony Corporation. SPE's global operations encompass motion picture production and distribution; television production and distribution; digital content creation and distribution; worldwide channel investments; home entertainment acquisition and distribution; operation of studio facilities; development of new entertainment products, services and technologies; and distribution of filmed entertainment in 67 countries. Sony Pictures Entertainment can be found on the World Wide Web at http://www.sonypictures.com.
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