Redbox Kiosks Nationwide Will Continue to Offer Consumers Universal Blu-ray and DVD Titles 28-Days After Retail Release
UNIVERSAL CITY, CA and OAKBROOK TERRACE, IL--Mar 1, 2012) - Universal Studios Home Entertainment and Redbox, a wholly-owned subsidiary of Coinstar, Inc. (NASDAQ: CSTR), announced the signing of a multi-year agreement that will continue to make Universal Blu-ray Disc™ and DVD titles available for rental at Redbox® locations nationwide 28 days following their home entertainment release. The announcement was made today by Craig Kornblau, President of Universal Studios Home Entertainment, and Galen Smith, Senior Vice President, Redbox.
"The multi-year agreement between Universal Studios Home Entertainment and Redbox represents a win for consumers, Universal and Redbox," said Galen Smith, senior vice president, Redbox. "Redbox is committed to forging relationships that provide our consumers with affordable and timely access to new release content."
The agreement extends the direct working relationship between Redbox and Universal Studios Home Entertainment through August 2014.
About Universal Studios Home Entertainment
Universal Studios Home Entertainment is a unit of Universal Pictures, a division of Universal Studios (www.universalstudios.com). Universal Studios is a part of NBCUniversal, one of the world's leading media and entertainment companies in the development, production and marketing of entertainment, news and information to a global audience. NBCUniversal owns and operates a valuable portfolio of news and entertainment television networks, a premier motion picture company, significant television production operations, a leading television stations group and world-renowned theme parks. Comcast Corporation owns a controlling 51% interest in NBCUniversal, with GE holding a 49% stake.
Redbox Automated Retail, LLC, a wholly-owned subsidiary of Coinstar, Inc. (NASDAQ: CSTR), 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 1.5 billion discs and is available at more than 35,400 kiosks across over 29,000 locations nationwide, including select restaurants; leading grocery, drug and convenience stores; select Walmart locations and Walgreens locations in select markets. For more information, visit www.redbox.com.