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Tuesday, August 01, 2017
Redbox Results Hurt by Weak Release Slate; Company to Test Price Increases

Redbox announced it would test a price increase in several markets for both DVD and Blu-ray Disc, starting in August. Scott Di Valerio, CEO of Redbox parent company Outerwall, said during a conference call with investors the price increase tests would likely last through the end of the year.

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'Spider-Man' Gives Sony Pictures an 'Amazing' Boost

Webslinger Spider-Man lived up to his superhero expectations, contributing to Sony Pictures reporting second-quarter (ended June 30) operating income of $78 million, up 109% from operating income of nearly $36 million during the prior-year period.

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Smaller Release Slate Undermines Starz Distribution

A decline in new disc releases from The Weinstein Company contributed to Starz Distribution reporting a second-quarter (ended June 30) operating loss of $3.8 million, compared with net income of $14.6 million during the prior-year period.

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Time Warner Cable Upbeat Over Loss of 152K Video Subs

The times are indeed changing when the country’s No. 2 cable operator characterizes a quarterly loss of 152,000 video subscribers as a positive.

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EMA Adds Four Members

The Entertainment Merchants Association has added four more members: The Couch Potato, The Orchard, Sumo Logic and Video Caption Corp.

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'Divergent' Cast, Director Keep Fans in Mind

Director Neil Burger ('Limitless,' 'The Illusionist') had one mission when he was charged with directing 'Divergent,' the first installment of the latest action adventure franchise from Lionsgate: Stay true to the source material.

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