“The physical business is still an important and active category for the industry. Lego movies find new home in 'Jurassic World' studio Universal - Los Angeles Times Universal, Warner Bros. To Merge Domestic Disc Businesses. An approval from the United States Justice Department is needed for the merger. Read Next: Mill Valley Film Festival Adds Virtual DocPitch (EXCLUSIVE) This proposed joint venture with Universal gives us the best opportunity to foster innovation in this business, optimize the physical offering and extend the lifespan of the format for our fans and consumers.”“With market conditions and consumer viewing behaviors continuing to evolve, we wanted a partner who shares in our commitment to deliver the best consumer proposition going forward,” said Levinsohn.
Under that arrangement, UPHE will handle distribution of Warner Bros.’ DVD home entertainment products in Germany, Austria, Switzerland and Japan, expected to go live in the third quarter of 2020. The North American JV will include leadership from both Universal and Warner Bros. and will be run by industry veteran Eddie Cunningham.
After a year of two gigantic mergers, Hollywood is welcoming the new year with further consolidation — this time, in the home entertainment sector.
Their goal is to sustain the longevity of the physical category in a global marketplace where consumers’ viewing habits are continually evolving. The announcement was made by Peter Levinsohn, President and Chief Distribution Officer, Universal Filmed Entertainment Group, and Ron Sanders, President, Worldwide Distribution, Warner Bros. Pictures and President, Warner Bros. Home Entertainment.It is anticipated that the North American JV will be operational in Q1 2021, combining sales, retail marketing and distribution for the two physical home entertainment operations and be responsible for Blu-ray, DVD and 4K UHD distribution for up to 10 years. © Copyright 2020 Variety Media, LLC, a subsidiary of Penske Business Media, LLC.
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He’s been a dynamic leader in shepherding business innovation and operational effectiveness.” The North American JV will combine sales, retail marketing and distribution for the two physical home entertainment operations and be responsible for Blu-ray, DVD and 4K Ultra HD distribution through 2031, under the proposed terms.“As the home entertainment landscape evolves, we are continuously working to deliver the best entertainment range and value to our fans,” Ron Sanders, Warner Bros. president, worldwide theatrical distribution and home entertainment, and EVP international business operations, said in a statement. Universal Pictures and Warner Bros. are entering into a North America ten-year joint venture with regard to their home entertainment arms. The news is breaking this morning that Warner Bros. and Universal Pictures are going to be merging their physical media distribution operations. The joint venture will be active in the manufacturing and distribution of physical home entertainment content (such as DVDs, Blu-ray, and 4K UHD discs) in the US and Canada. (Los Angeles, CA) — Universal Pictures Home Entertainment (UPHE) and Warner Bros. Home Entertainment (WBHE) today announced their proposal, subject to regulatory approval, to form a new joint venture (JV) company to distribute physical (disc) home entertainment product in North America for new releases, library titles and television content. Under the proposed structure, the studios will continue to operate their digital distribution businesses independently and retain content and consumer marketing for both physical and digital.Separate from the North American JV, the studios have agreed to license arrangements pursuant to which UPHE will assume responsibility for the distribution of Warner Bros.’ physical (disc) home entertainment products in Germany, Austria, Switzerland and Japan, expected to go live Q3 2020, and Warner Bros. will assume responsibility for the distribution of Universal’s physical (disc) home entertainment products in the U.K. (including Eire), Italy and Benelux (Belgium, the Netherlands and Luxembourg), expected to occur in Q1 2021.“As the home entertainment landscape evolves, we are continuously working to deliver the best entertainment range and value to our fans,” said Sanders.
“This proposed JV presents a significant opportunity to continue to work with our retail partners to ensure the format’s strength and sustainability for years to come.” On the appointment of Eddie Cunningham, Levinsohn said, “For more than two decades Eddie has been an expert in understanding the evolution of the physical home entertainment landscape. The United Artists "UA Paperclip" logo with the words "United Artists" below it is seen on the top right. Thomas K. Arnold.
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