Blockbuster Signs Deal With Fox and Sony
Blockbuster has signed deals with Fox and Sony. The deal is very similar to a deal that Blockbuster already has signed with Warner. Blockbuster’s deal with Fox, Sony, and Warner ensures that they will be able to rent new titles on the day they are released along with mail orders.
Blockbuster will also get favorable payment terms from the studios. Blockbuster has a plan to lower operating costs by about $200 million too. The movie studios made deals with Redbox and Netflix to allow new movies only after 28 days from the release date. [TechCrunch]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry