Redbox and Summit Entertainment Sign Distribution Agreement
2009年11月2日 - 11:00PM
PRニュース・ワイアー (英語)
Summit's Library Includes the Hit Film Series The Twilight Saga,
Knowing and other popular titles LOS ANGELES and OAKBROOK TERRACE,
Ill., Nov. 2 /PRNewswire/ -- Summit Entertainment, a full-service
worldwide film studio and Redbox Automated Retail, LLC, today
announced a two-year distribution agreement which expands the depth
and breadth of Summit Entertainment titles available at the more
than 15,000 redbox DVD rental locations nationwide. The
announcement was made by Stephen Nickerson, president of home
entertainment at Summit Entertainment and Mitch Lowe, president,
redbox. "We are very pleased to enter into this agreement with
Summit as it underscores our commitment to creating winning
relationships for our customers and studio partners," said Mitch
Lowe, president, redbox. "This agreement ensures that we will
continue to deliver engaging and popular Summit movie titles to
consumers at our kiosks when they are first released at an
affordable price." The agreement provides redbox customers with
greater access to Summit's new release titles and popular catalog
as well as the studio's direct-to-DVD titles. Feature films include
the highly popular Twilight, the first in the series of the
thriller romance franchise, the hit film Knowing, and the upcoming
The Twilight Saga: New Moon. "Having Summit's films distributed
through the redbox network provides consumers greater access to our
broad range of titles," said Stephen Nickerson, president of home
entertainment at Summit Entertainment. "In addition, by redbox
agreeing to destroy DVDs once they pass their rental life, the risk
of low-cost, previously-viewed DVDs being sold into the market is
lowered. We see this agreement as a win for both Summit and
redbox." The two year deal commences January 1, 2010. Redbox has
agreed to destroy the Summit product once redbox removes it from
the kiosk. About Redbox Redbox Automated Retail, LLC, a
wholly-owned subsidiary of Coinstar, Inc. (NASDAQ:CSTR), offers new
release DVD rentals through its network of conveniently located,
self-service kiosks. Redbox is available at more than 15,000
locations nationwide, including select McDonald's restaurants,
leading grocery and convenience stores, and Walmart and Walgreens
locations in select markets. For more information, visit
http://www.redbox.com/. About Summit Entertainment, LLC Summit
Entertainment, LLC is a worldwide theatrical motion picture
development, financing, production and distribution studio. The
studio handles all aspects of marketing and distribution for both
its own internally developed motion pictures as well as acquired
pictures. Summit Entertainment, LLC also represents international
sales for both its own slate and third party product. Summit
Entertainment, LLC plans to release 10 to 12 films annually.
Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995, including phrases conveying expectation or
intent and other expressions identifying future performance. The
forward-looking statements in this release include statements
regarding Redbox's relationship with Summit Entertainment relating
to among other things, a DVD 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 actions taken by
Redbox or Summit Entertainment, including those beyond Coinstar 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 licensing agreement and failure to abide by
the terms and requirements of the licensing 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 Summit
Entertainment, 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 Coinstar,
Inc.'s expectations as of the date hereof. Coinstar, Inc.
undertakes no obligation to update the information provided herein.
DATASOURCE: Redbox CONTACT: Chris Goodrich, JSH&A Public
Relations, for Redbox, +1-630-932-1028; or Summit Media: Paul
Pflug, , or Hans Kopal, , Principal Communications Group,
+1-323-658-1555 Web Site: http://www.redbox.com/
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