Redbox, Paramount Announce New Distribution Agreement

CHICAGO, Jan. 18, 2017 /PRNewswire/ -- Redbox, America's destination for affordable new-release movie and video game rentals, today announced a new distribution agreement for 2017 with Paramount Home Media Distribution, ensuring consumers have access to Paramount titles on DVD and Blu-ray Disc® the same day they are available in stores. The announcement was made by Galen Smith, CEO of Redbox, and Bob Buchi, President, Worldwide Home Media Distribution, Paramount Pictures:

"This distribution agreement is a win for Redbox, Paramount and most importantly consumers, who will continue to have access to Paramount's quality lineup of movies for as low as $1.50 a night," said Galen Smith, CEO of Redbox. "We're thankful that Paramount supports our commitment to make new-release entertainment available to consumers across America at a value only Redbox can deliver." 

"We're pleased to continue our business relationship with Redbox that began over seven years ago," said Bob Buchi, President, Worldwide Home Media Distribution, Paramount Pictures. "They are a vital destination for millions of consumers and an essential part of our commitment to delivering our world-class films to fans however and wherever they want them."  

About Redbox

With more than 5 billion rentals to date, Redbox is America's leading destination for affordable new-release movie and video game rentals. Redbox offers DVD, Blu-ray Disc® and video-game rentals through the nation's largest network of almost 40,000 conveniently located, self-service entertainment kiosks. For more information, visit www.redbox.com.

About Paramount Home Media Distribution

Paramount Home Media Distribution (PHMD) is part of Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment. PPC is a unit of Viacom (NASDAQ: VIAB, VIA), home to premier media brands that create television programs, motion pictures, consumer products, and digital content for audiences in 180 countries and territories. The PHMD division oversees PPC's home entertainment and transactional digital distribution activities worldwide. The division is responsible for the sales, marketing and distribution of home entertainment content on behalf of Paramount Pictures, Paramount Animation, Paramount Vantage, Paramount Classics, MTV, Nickelodeon, Comedy Central and CBS and applicable licensing and servicing of certain DreamWorks Animation titles. PHMD additionally manages global licensing of studio content and transactional distribution across worldwide digital distribution platforms including online, mobile and portable devices and emerging technologies. 

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SOURCE Redbox