News
Discs for sale in an Oceanside, Calif. Walmart.
Erik Gruenwedel
April 7, 2020
The European Commission April 7 formally cleared creation of a previously announced home entertainment joint venture between Warner Bros. Home Entertainment and Universal Pictures Home Entertainment. Regulators approved the deal under an expedited merger review process.
The 10-year pact helps the two studios cut overhead costs involving the distribution of DVDs, Blu-rays and 4K UHD Blu-ray Discs in Germany, Austria, Switzerland, Japan, in addition to manufacturing and distributing packaged media in the U.S. and Canada. The JV is projected to begin later this year.
Subscribe HERE to the FREE Media Play News Daily Newsletter!
Warner will oversee the distribution of Universal’s physical home entertainment products in the U.K., Italy, Belgium, Holland and Luxembourg starting in the first quarter 2021.
Follow us on Instagram
Universal and Warner Bros. executives will run the JV, with overall leadership by Eddie Cunningham, president of Universal Pictures’ worldwide home entertainment.
Related Posts
Universal Upped 2017 Home Entertainment RevenueUniversal Pictures Home Entertainment Jan. 24 reported fiscal 2017 revenue of more than $1.32 billion, which was up about 5% from revenue of $1.25 billion in 2016. The studio said fourth-quarter revenue declined 20% to $377 million from revenue of…
Home Entertainment Community at CES 2018Two events celebrating home entertainment were held on day one of CES Jan. 9: A reception for the UHD Alliance, which announced a major educational campaign on behalf of 4K UHD product, and the annual DEG: Digital Entertainment Group reception,…
BASE Revamps Home Entertainment AwardsThe British Association for Screen Entertainment (BASE), the U.K. home entertainment trade group, Jan. 11 announced it is rejiggering its annual awards show to better reflect changing consumer and category trends. Scheduled for June 7 in London, the 2018 BASE Awards will…
Warner Bros. Home Entertainment Ups 2017 Movie Revenue 6%Warner Bros. Home Entertainment Feb. 1 reported fiscal 2017 revenue of $1.56 billion from physical and digital sales of movies, which was 5.8% more than revenue of $1.48 billion in 2016. Sales of TV content on disc and digital declined…
