HOLLYWOOD, CA and OAKBROOK TERRACE, IL -- Paramount Home Entertainment Inc. (PHE) and Redbox Automated Retail, LLC (redbox), today announced that Paramount exercised its option to extend its revenue sharing license agreement, providing redbox access to PHE DVD and Blu-ray titles to rent at its approximately 22,000 kiosk locations on the same day they are released in the sell-through market. PHE exercised its option following results from a 10-month analysis of DVD sell-through and rental performance.

"After analyzing the data from our test period we have concluded that redbox day-and-date rental activity has had minimal impact on our DVD sales," said Dennis Maguire, Worldwide President of Paramount Home Entertainment. "By granting redbox day-and-date availability we are allowing the consumer a choice of how to consume our movies while maximizing the profitability of our releases in the home entertainment window. We are looking forward to continuing a productive and mutually beneficial relationship with redbox."

"We are delighted to continue our relationship with Paramount to provide consumers with convenient, timely and affordable access to their favorite movies," said Mitch Lowe, president, redbox. "We look forward to supporting Paramount movie releases through joint marketing programs. This arrangement is a win, win and win - for consumers, Paramount and redbox. "

Redbox and PHE first signed a trial license agreement in August 2009, with redbox agreeing to provide PHE rental data to evaluate the potential benefits of a longer term contract.

 

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CYPRESS, CA -- Christie®, the world leader in digital cinema projection, announced the opening of a new manufacturing facility in Shenzhen, China to meet the growing global demand for digital cinema projectors to screen 2D and 3D movies. The new facility will significantly expand the company's production capabilities, with the Christie SolariaTM projectors scheduled to roll off the assembly line in July. Production will begin with the Christie CP2220 and the Christie CP2210, with the Christie CP2230 to follow. The Shenzhen factory will initially feed the Asia Pacific market, freeing up capacity at Christie's North American plant to increase supply to the rest of the world.

"Assembly in China opens up significant new opportunities and shipping flexibility for Christie that will allow us to better serve all our customers around the world," observed Ihor Stech, Christie's Vice-President of Operations. "It is the ideal location because much of our raw materials come from the Asian region, so we can more efficiently convert them to final product. With the initial projectors feeding the markets in Asia, we will also save on import duties. Meanwhile, we can quickly deploy the projectors to meet demands around the world as needed."

Stech noted that Christie selected Shenzhen because it offers access to a well-educated and highly skilled labor force. It is China's third largest city, after Shanghai and Beijing, with 16 million people, and considered one of the country's most successful industrial centers. In addition, its close proximity to Hong Kong attracts a multinational staff to serve the global markets. Hong Kong also features one of the largest ports in the world, facilitating quick deployment of digital projectors to other regions.

The new facility adheres to Christie's strict quality standards, utilizing the same manufacturing principles as its North American operations. With plans to increase the staff in Shenzhen and to add a second assembly line in the coming months, Christie is poised to double production and leap over the competition in dedicated manufacturing capabilities.

"We are committed to all our partners in the exhibition community, and that includes making substantial financial investments to ensure we meet their needs," said Jack Kline, President and COO of Christie Digital Systems USA, Inc. "The two facilities are operating closely together under the direction of Christie's veteran technical team, with Shenzhen precisely mirroring the world class manufacturing standards we observe in North America. We are using identical equipment and assembly line techniques. We are also employing the same principles, training and technical expertise in our work force that have made Christie projectors the most trusted, most reliable and best selling digital cinema projectors in the world."

Kline added: "With more than 12,000 digital cinema projectors installed worldwide, including over 2,000 4K-ready digital cinema projectors, Christie continues to lead the industry with more than 65% of the worldwide digital cinema market share. Our new Shenzhen facility sets a new standard for production capability, manufacturing excellence and speed to market."

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Source: Deadline New York

Now that Guillermo del Toro has vacated the director's chair on The Hobbit films, Warner Bros. and MGM are reportedly trying to convince Peter Jackson to return to the helm. Jackson's involvement in the projects is already as a co-writer and producer, so stepping into the director role would be relatively seamless.

Other directors being tossed around as potential replacements are David Yates, David Dobkin and Brett Ratner.

 

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Source: LA Times

Producers are talking to Zach Galifianakis for the lead role in a remake of The Incredible Mr. Limpet. The original starred Don Knotts (The Andy Griffith Show) as a man who turns into a fish and helps hunt down German submarines during World War II. Kevin Lima (Enchanted) is already slated to direct.

Galifianakis has certainly earned his stripes in the supporting world, so it was only a matter of time before he started getting offered leading roles. This project would mean that the bearded actor would be able to reach out to family audiences.

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