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Redbox, Fox renew disc deal for two years

Jun. 11, 2015 9:08 PM ETOuterwall Inc. (OUTR) StockOUTR, FOXA, FOXBy: Jason Aycock, SA News Editor1 Comment
  • Redbox (NASDAQ:OUTR) has sealed a new deal with 20th Century Fox Home Entertainment (FOX, FOXA) that will keep discs in Redbox's machines with a 28-day embargo on new releases through June 30, 2017.
  • The deal follows a similar one that the Outerwall disc-kiosk unit made with Warner Home Video in March.
  • Fox's division president Mike Dunn said that while more and more media has gone streaming, packaged rentals are still a vital component to the Home Entertainment division. Redbox logged its best-ever rental week in the just-past fiscal quarter.

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