Warner Home Video And Blockbuster Agree To New UK Trading Terms

(February 26, 2003 – London) - Blockbuster UK and Warner Home Video today announced that they have reached agreement regarding the release of movies for rental on DVD and VHS in Blockbuster’s UK outlets. This agreement underpins the commitment of both companies to the UK rental and retail businesses and, as a result, Blockbuster will immediately begin to carry Warner Home Video titles available for both rental and sale in all its stores in the UK. Commenting on the development, Neil McEwan, Managing Director, Warner Home Video said: “We are very pleased to have reached this agreement as it is important that our titles are available in Blockbuster UK. We want customers to be able to rent or buy the titles they want, when they want, from the outlet of their choice. This agreement helps them do that.” Alex Sparks, Senior Vice President and Managing Director for Blockbuster UK said “We are pleased with this agreement which we believe protects the long term interests of our customers and most importantly, will enable us to satisfy customer demand by giving them the best choice, selection and availability for their home entertainment needs.” Warner Home Video With operations in 78 international territories -- more than the video division of any other studio -- Warner Home Video commands the largest distribution infrastructure in the global video marketplace. Warner Home Video’s film library is the largest of any studio, offering top quality new and vintage titles from the repertoires of Warner Bros. Pictures, Turner Entertainment Company, Castle Rock Entertainment, HBO Home Video and New Line Home Video. Blockbuster With more than 700 stores nationwide, Blockbuster UK is committed to being the biggest and best provider of movies and video games for its customers. Blockbuster Inc is a publicly traded subsidiary of Viacom Inc. and a leading global provider of in-home movies and game entertainment, with more than 8,300 stores throughout the Americas, Europe and Asia and Australia.
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