Unfortunately, it's become commonplace for movie studios to make consumers wait almost two months before renting new releases from outlets like Redbox or Netflix, making a far more expensive movie purchase the only initial option. Fortunately, Redbox and Sony Pictures have worked out an extension to their existing licensing deal, which means that consumers will still be able to rent Sony movies from Redbox the same day they are released for sale. The deal, which was worked out last week as Redbox parent company Coinstar announced its quarterly earnings
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Sony Loss Widens
August 2, 2012
Sony Thursday announced a quarterly loss of the equivalent of $316 million, an increase over the loss posted the same time the year before.