Redbox’s extended impasse over a new distribution deal with Warner Bros. Home Entertainment is over. The two companies March 30 announced a new two-year agreement for Blu-ray Disc and DVD releases. The agreement restores the 28-day delay for new Warner titles appearing in Redbox kiosks.
With the fiscal quarter of many corporations set to end March 31, Redbox’s Q1 financial results are expected to be strong due to a recent price increase and new customer loyalty program, according to Wedbush Securities Michael Pachter.
Netflix March 30 announced the addition of two additional members to its board of directors, including Anne Sweeney, who until last year was co-chair Disney Media Networks and president of Disney-ABC Television at the Walt Disney Co.
As home entertainment migrates toward digital distribution, including over-the-top video, the quality of a streaming experience can undermine consumer loyalty in less than 4 minutes, according to a data tracking company.
Best Buy Canada is closing 66 Future Shop locations, while temporarily shuttering an additional 65 stores for a week as they are rebranded as Best Buy stores. In addition, website FutureShop.ca will be forwarded to BestBuy.ca.