Did you miss a session from the Future of Work Summit? Head over to our Future of Work Summit on-demand library to stream.

DVD rental kiosk service Redbox has extended a distribution deal that will allow the company to continue renting movies from Sony Pictures to customers the same day they hit retail shelves.

Over the past year, many entertainment companies have opted to end similar licensing agreements with rental services like Redbox and Netflix. Most recently, Warner Brothers decided not to renew its deals to rent DVDs, and failed to negotiate a new deal that would force the company to wait 50 to 90 days after they hit retail stores. Of course, Redbox can still offer the new releases earlier, but to do so it has to pay for each DVD at the same price offered to consumers — meaning Redbox’s operational costs rise. (Redbox is doing this for all Warner Brothers new releases.)

Under the deal with Sony Pictures, Redbox also has the option to license Blu-ray movies from Sony through September 2014.

Making its movies available for rental immediately is a smart move for Sony; the move should keep people from pirating movies as an alternative to buying them outright at retail price. The licensing agreement is also beneficial to Redbox because it’ll keep customers happy. And with the imminent launch of Redbox and Verizon’s DVD/streaming joint venture, it never hurts to make sure there’s a wide selection of current movie titles to compete against the likes of Netflix.

Via Engadget; Image illustration via Tom Cheredar/VentureBeat


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member