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International Entertainment News

Wednesday, August 19, 2009

Redbox(R) Files Federal Lawsuit Against Warner Home Video

Redbox(R) Files Federal Lawsuit Against Warner Home Video

OAKBROOK TERRACE, Ill., Aug. 18 /PRNewswire/ -- Redbox Automated Retail, LLC, filed suit in Delaware Federal Court against Warner Home Video on Tuesday, August 18, 2009, to protect consumers' rights to access new release DVDs. Redbox filed the action in response to new distribution terms imposed by Warner Home Video that would prohibit redbox from providing consumers access to Warner Home Video titles until at least 28 days after public release.

"Warner Home Video's actions come at the expense of consumers," said Mitch Lowe, president, redbox. "Redbox remains committed to providing our customers the new release DVDs they want, where they want and at the low price they want. Standing behind our commitment, redbox will continue to offer our consumers access to all major new releases including Warner Home Video at our more than 15,000 locations nationwide."

A number of studios also have shown support for redbox. Last week, redbox signed a multi-year distribution agreement with Lionsgate. A similar distribution agreement with Sony Pictures Home Entertainment (SPHE) was reached in July. "Redbox continues to forge winning relationships with a number of studios that increase studio exposure, ensure redbox customers receive access to more titles and support redbox's commitment to providing consumers timely, convenient and affordable access to new release DVDs," said Lowe.

For more information on redbox's commitment, visit www.savelowcostdvds.com, a site dedicated to educating the public on redbox's effort to protect consumers' rights against studio action.

About Redbox

Redbox Automated Retail, LLC, a wholly-owned subsidiary of Coinstar, Inc. (NASDAQ:CSTR) , offers new release DVD through its network of conveniently located, self-service kiosks. Redbox is available at more than 15,000 locations nationwide, including select McDonald's restaurants, leading grocery and convenience stores, and Wal-Mart and Walgreens locations in select markets. For more information, visit www.redbox.com.

Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including phrases conveying expectation or intent and other expressions identifying future performance. Forward-looking statements are not guarantees of future performance which may vary materially from performance expressed or implied in the forward-looking statements. Differences may result from actions taken by Coinstar, Inc. and its subsidiaries, as well as those of third parties and from risks and uncertainties beyond our control. Such risks and uncertainties include, but are not limited to, the timing and availability of major new DVD releases, and the termination, non-renewal or renegotiation on materially adverse terms of contracts with our significant retailers or suppliers. The foregoing risks and uncertainties are illustrative, but by no means exhaustive. For more information on factors that may affect future performance, please review "Risk Factors" described in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission as updated in any subsequent Quarterly Reports on Form 10-Q. These forward-looking statements reflect Coinstar, Inc.'s expectations as of the date of this release. Coinstar, Inc. undertakes no obligation to update the information provided herein.

First Call Analyst:
FCMN Contact:
http://www.redbox.com/

Source: Redbox Automated Retail, LLC

CONTACT: Chris Goodrich of JSH&A Public Relations, +1-630-932-1028, for
Redbox

Web Site: http://www.savelowcostdvds.com/


Profile: International Entertainment

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