Universal, Warner Bros. to Form DVD Joint Venture as Disc Sales Keep Dwindling

Published on Jan 15, 2020

Universal and Warner Bros. — facing the continued deterioration of physical disc sales — want to pool their DVD distribution businesses under a major new deal.

The studios announced that Universal Pictures Home Entertainment and Warner Bros. Home Entertainment entered into a pact to form a new joint venture to distribute DVDs in North America for new releases, library titles and TV content for up to 10 years.

The companies expect the proposed Jv to be operational by the first quarter of 2021. The North American joint venture, comprising leadership from both studios, is to be headed by longtime Universal exec Eddie Cunningham (pictured above), who is currently president of Universal Pictures Home Entertainment.

In addition, under a separate agreement, the studios struck license agreements to divvy up DVD distribution in countries outside North America. Under that arrangement, Uphe will handle distribution of Warner Bros.’ DVD home entertainment products in Germany, Austria, Switzerland and Japan,

Read full article at: Variety - Film News

Author: Todd Spangler