LOS ANGELES, June 11, 2015
/PRNewswire/ -- Redbox today announced a new agreement with
20th Century Fox Home Entertainment, maintaining a 28-day window on
Blu-ray Disc® and DVD titles through June
30, 2017.
"We look forward to working with Fox to utilize our digital
marketing network and national kiosk footprint to help Fox monetize
their feature film properties in the high value transactional
window," said Mark Horak, president
of Redbox. "As a leader in the category with over 700 million
transactions per year, Redbox is actively working with our studio
partners to maintain a strong base of value for their new release
movies."
"This arrangement with Redbox upholds our retail and rental
strategy, while allowing us to continue to deliver the best
available movies and TV shows in the market to our customers," said
Mike Dunn, President Worldwide,
Twentieth Century Fox Home Entertainment. "We aggressively seek out
ways to provide the greatest access to all our content while
ensuring it makes the best sense for our business."
As of the end of the first quarter of 2015, Redbox's Digital
Marketing Network spanned more than 90 million touch points,
including 41 million email subscribers, 29 million app downloads,
16 million unique monthly visitors to redbox.com, 6.6 million SMS
subscribers and 2 million Redbox Play Pass members. Redbox's
national footprint of nearly 35,000 locations generates about 350
million impressions at retail each week.
Horak concluded, "Fox is a terrific partner and we look forward
to continuing to work closely with them to satisfy consumer demand
for their high quality content at a great value from Redbox."
ABOUT REDBOX
Redbox, an Outerwall Inc. (Nasdaq: OUTR) brand, offers
new-release DVD, Blu-ray Disc® and video-game
rentals through its network of conveniently
located, self-service kiosks. Redbox has rented more than 4
billion discs and is available at nearly 35,000 U.S. locations,
including leading grocery, drug and convenience stores, and select
Walgreens, Walmart and McDonald's locations. For more information,
visit www.redbox.com and for more information about
Outerwall Inc., visit www.outerwall.com.
ABOUT TWENTIETH CENTURY FOX HOME ENTERTAINMENT
Twentieth Century Fox Home Entertainment is the industry leading
worldwide marketing, sales and distribution company for all Fox
produced, acquired and third party partner film and television
programing. Each year TCFHE expands its award-winning global
product portfolio with the introduction of new entertainment
content through established and emerging formats including DVD,
Blu-ray™ and Digital HD. Twentieth Century Fox Home Entertainment
is a subsidiary of 21st Century Fox.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Words indicating future events, performance,
results and actions, such as "will" and "expect," and variations of
such words, and similar expressions, identify forward-looking
statements, but their absence does not mean that the statement is
not forward-looking. The forward-looking statements in this press
release include statements regarding Redbox's relationship with
20th Century Fox Home Entertainment regarding among other things, a
licensing arrangement. Forward-looking statements are not
guarantees of future performance and actual results may vary
materially from the results expressed or implied in such
statements. Differences may result from, among other things,
actions taken by Outerwall, Redbox or 20th Century Fox Home
Entertainment, including those beyond Outerwall's or Redbox's
control. Such risks and uncertainties include, but are not limited
to, the early termination or renegotiation on materially adverse
terms of the agreement and failure to abide by the terms and
requirements of the agreement. The foregoing list of risks and
uncertainties is illustrative, but by no means exhaustive. For more
information on factors that may affect future performance,
including our relationship with 20th Century Fox Home Entertainment
and other studios, please review "Risk Factors" described in our
most recent Annual Report on Form 10-K and any subsequent Quarterly
Reports on Form 10-Q filed with the Securities and Exchange
Commission. These forward-looking statements reflect Outerwall's
expectations as of the date hereof. Outerwall undertakes no
obligation to update the information provided herein.
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SOURCE Redbox