Burbank,
Calif. – Time Warner’s (NYSE: TWX) Warner
Bros. Home Entertainment Group on Tuesday announced that it has settled
litigation against Redbox, the automated DVD rental kiosk unit of Coinstar (NASD: CSTR), and
agreed to distribute new titles to the kiosks after a 28-day window following their
DVD release dates. Redbox still faces pending litigation from News Corp.’s (NYSE: NWS) 20th
Century Fox and NBC Universal (NYSE: GE).
For its part, the company also has a suit pending
against Fox, stemming from the studio’s insistence on a 30-day window, as well
as an antitrust lawsuit pending against Universal Studios Home Entertainment,
over a 45-day window.
Redbox said the multi-year deal provides the company with
"reduced product costs, sufficient quantities of product and optimal stock
levels four weeks after street date… and extends access to Blu-ray
titles."
"The 28-day window for redbox balances the economics of our
relationship while continuing to offer great value to their customers,"
said Warner Home Video president Ron Sanders.
"This accord establishes a
mutually beneficial relationship that will foster an ongoing and productive
partnership."
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