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Aug 19, 2009
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redbox accuses warner's of copyright misuse, violating antitrust laws, and interfering with redbox's existing supply contract with distributors. maria, in order to succeed, redbox is probably going to have to show evidence of an industrywide conspiracy, which could be quite tough. so we could be garnlted that this will drag out for quite a while. back over to you. >> julia, thanks so much. julia boorstin. the dow up 60 points. >> after the bell we'll reveal the number one fastest growing company by rank. that's "fortune" magazine. that's coming up in the next hour of "the closing bell." introducing one a day women's 2o. the first complete women's multivitamin in a drink mix. with more calcium and vitamin d... to support bone and breast health... while helping you hydrate. one a day women's 2o. refreshingly healthy. what's on the minds of independent investors? let's ask. when i trade, i want a straightforward price. they lure you in with a $5.99 trade, then charge you 15 bucks. you get a low price, but only if you make a ton of trades. at td ameritrade, every online stock trade is ju
redbox accuses warner's of copyright misuse, violating antitrust laws, and interfering with redbox's existing supply contract with distributors. maria, in order to succeed, redbox is probably going to have to show evidence of an industrywide conspiracy, which could be quite tough. so we could be garnlted that this will drag out for quite a while. back over to you. >> julia, thanks so much. julia boorstin. the dow up 60 points. >> after the bell we'll reveal the number one fastest...
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Aug 12, 2009
08/09
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before supplying them to redbox. they sued them to keep the supply of movies coming. you're now leading a ruling. how big a problem is there opposition for the studios? >> good morning, julia. redbox has developed a very efficient movie distribution model. it results in significant savings. we passed some of that on to the studios, but the majority of that to our customers. and our customers are king. and we continue to provide them the hit new releases that they require and we've built an amazing ability to acquire their product despite these challenges that they've put in our way. >> and do you see opposition from major studios like fox and universal being a problem in your business going forward? >> it results in more challenges, but we have figured out ways to get around it. >> such as what? >> well, you know, we buy their product. you know, years ago the studios tried to stop video stores from even starting their business. and congress passed the first sale amendment which allows video stores to set their own pr
before supplying them to redbox. they sued them to keep the supply of movies coming. you're now leading a ruling. how big a problem is there opposition for the studios? >> good morning, julia. redbox has developed a very efficient movie distribution model. it results in significant savings. we passed some of that on to the studios, but the majority of that to our customers. and our customers are king. and we continue to provide them the hit new releases that they require and we've built...
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Aug 18, 2009
08/09
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a judge ruled redbox could take them on. movie studios may be in trouble if the dvd rental business continues to get more powerful. rich greenfield is a media analyst joining us here on set. i think the movie studios are already in trouble, rich. aren't they kicking the can down the road? you've got to face the facts. >> absolutely, it's difficult. the maturity level at the movie theaters, dvds were a huge growth business throughout the '90s. we went from everybody renting casettes to buying dvds and it became a massive business for the studios. but now you've got this little weed that was growing in your garden, you didn't pay attention to it and all of a sudden, there's 19,000 of these weeds all around your garden, and all your good dvd business where you sell these things to your consumers for, you know, $15, $16, $17 a pop, all of a sudden, you've got this box sitting out front. and you go to walgreens right in times square this afternoon and there's a box sitting there that rents these things for $1 a day. and $1 a day
a judge ruled redbox could take them on. movie studios may be in trouble if the dvd rental business continues to get more powerful. rich greenfield is a media analyst joining us here on set. i think the movie studios are already in trouble, rich. aren't they kicking the can down the road? you've got to face the facts. >> absolutely, it's difficult. the maturity level at the movie theaters, dvds were a huge growth business throughout the '90s. we went from everybody renting casettes to...
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Aug 19, 2009
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two-thirds of redbox's claims against universal were dismissed. one-third was allowed to proceed to trial. so this will be a 2010 court case. it is a really big issue. 60% of the studios are against working directly with redbox. 40% -- disney, lion's gate and actually sony are working with them. >> you brought up a name i wanted to ask you. disney, how does this affect them going forward and how does this affect your rating of disney? >> look, i think this is a lesser issue for disney in scheme of the walt disney company because they have family movies. and at the end of the day, just like dreamworks, which i didn't mention, they are 100% movies, these are movies you generally want to own. >> collectability. >> there's a collectability element that's not there for a company, like a fox. that said, "bolt" was not a collectible film -- >> well, depends on who you are. >> i know. >> it depends on opinion, you know. >> and "race to witch mountain"? >> right. >> i'm sure there aren't a whole lot of copies stocked on the shelves. >> but "cinderella" and
two-thirds of redbox's claims against universal were dismissed. one-third was allowed to proceed to trial. so this will be a 2010 court case. it is a really big issue. 60% of the studios are against working directly with redbox. 40% -- disney, lion's gate and actually sony are working with them. >> you brought up a name i wanted to ask you. disney, how does this affect them going forward and how does this affect your rating of disney? >> look, i think this is a lesser issue for...
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Aug 12, 2009
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redbox currently rents movies for just a dollar a night. >>> and call it a big move by citigroup.the bank deciding to re-enter the so-called warehouse lending market. lending $2 billion to independent mortgage firms and hoping it profit from an area that was mostly exited since the market seized up in 2007. but do the risks outweigh the rewards? especially when the sbank using government funds. here to talk about it lenhart along with len bloom. i want to kick things off with you. this is a business you used to be in. are there risks out there? we know there are. but are the rewards outweighing them? >> in general, this is probably a good business for citigroup. there are fewer competitors. four years ago there were 119 companies making mortgage loans, now there are only 30. they'll probably get decent rates and terms, and of course it provides more capital for home buyers. the caution that should also be looked at with mortgage lending, warehouse lending, is warehouse -- and i'm not saying in this particular case, this is the case. but warehouses in general. banks use warehouses
redbox currently rents movies for just a dollar a night. >>> and call it a big move by citigroup.the bank deciding to re-enter the so-called warehouse lending market. lending $2 billion to independent mortgage firms and hoping it profit from an area that was mostly exited since the market seized up in 2007. but do the risks outweigh the rewards? especially when the sbank using government funds. here to talk about it lenhart along with len bloom. i want to kick things off with you. this...
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Aug 6, 2009
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meantime, 20th century fox is trying to slow a rival of its dvds and redbox kiosks. fox asked red star to keep its movies out of kiosks for 30 days and offered to keep making its movies available on the release date if redbox would share revenues. fox is telling its distributors to only make its distributors available to the chain after 30 days. redbox filed a lawsuit when distributors were told not to allow it to have its dvds. >> i see these boxes everywhere. it's like $1, you can take them home by the 7-elevens. >> do you have to bring them back? >> yeah. i think you have to put a credit card. i was looking at it the other day. it looks like you have to put a credit card in. >> i've seen one only once. >> if you go into grocery stores, there's ones, they've been popping up everywhere. >> how do you get your dvds? do you netflix, buy them? we're still like the old fashioned people, blockbuster. >> i do blockbuster, but there's more and more things coming on demand. it used to be there would be like 12 movies on these through your tv box.=> now you can get -- dozens
meantime, 20th century fox is trying to slow a rival of its dvds and redbox kiosks. fox asked red star to keep its movies out of kiosks for 30 days and offered to keep making its movies available on the release date if redbox would share revenues. fox is telling its distributors to only make its distributors available to the chain after 30 days. redbox filed a lawsuit when distributors were told not to allow it to have its dvds. >> i see these boxes everywhere. it's like $1, you can take...