Created Fri 7th Aug 2009 12:36pm PST by
blacksoapman

Will Redbox win lawsuit against General Electric Co.'s Universal Pictures?
Background: Redbox, with kiosks in thousands of supermarkets, convenience stores and other locations, has been on a tear in recent months. This week, it announced it would expand its kiosks into more than 2,000 Kroger supermarkets within the next year.
Last year, Redbox sued General Electric Co.'s Universal Pictures after the studio told distributors not to make its movies available to Redbox. The lawsuit is awaiting a federal judge's decision in Delaware. Universal had demanded a 45-day delay before Redbox put its movies into kiosks. Redbox had refused to comply.http://finance.yahoo.com/family-home/article/107480/fox-studio-trying-to-pull-new-dvds-from-redbox-kiosks
Clarification: If any event occurs resulting in Redbox not winning its case the market shall settle as no, this would include a out of court settlement.
Last year, Redbox sued General Electric Co.'s Universal Pictures after the studio told distributors not to make its movies available to Redbox. The lawsuit is awaiting a federal judge's decision in Delaware. Universal had demanded a 45-day delay before Redbox put its movies into kiosks. Redbox had refused to comply.http://finance.yahoo.com/family-home/article/107480/fox-studio-trying-to-pull-new-dvds-from-redbox-kiosks
Clarification: If any event occurs resulting in Redbox not winning its case the market shall settle as no, this would include a out of court settlement.
Settlement details:As reported by a major mainstream news source.
- Activity: H$2,754 |
- Predictions: 12 |
Comments: 15
Suspend date: Sat 7th Aug 11:59pm PST (20 weeks to go)
Initial likelihoods: Yes: 55%
Action history:
Created Fri 7th Aug 2009 12:37pm PST by
blacksoapman
Changed Description Sat 8th Aug 2009 5:18am PST by
ryanj
: show details
... supermarkets within the next year. <.<br/> <br/> Last year, Redbox ... -dvds-from-redbox-kiosks</a><br/> <br/> <b>Clarification: If any event occurs resulting in Redbox not winning its case the market shall settle as no, this would include a out of court settlement.</b>
Suspend date: Sat 7th Aug 11:59pm PST (20 weeks to go) details
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The next time you go into a supermarket like Krogers or Wal-Mart take a look by the entrance/exit and see if there is a big red vending machine there with DVD's shown on the front. That's a Redbox.
Click here to learn a little more: http://arstechnica.com/media/news/2009/08/fox-joins-universals-war-on-redboxs-dvd-rental-kiosks.ars
I've been reading a lot about the Redbox/Sony/Universal/Blockbuster/Hollywood Video debate and what I think is about to happen is a new form of financial agreement will be drawn up. I don't see an option for that in this question.
Thanks for the info. I am / was in the dark about all of this too.
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