Paramount Pictures will have Warner Bros. manage more than 600 title from its library on DVD in order to cut costs.
(Anne Cusack / Los Angeles Times / October 5, 2012)
Warner Bros. will manage most of Paramount's movie library on DVD, in a first-of-its-kind deal between major studios that reflects the ongoing decline in disc sales.
The companies said Thursday that Warner will handle more than 600 titles from Paramount's library, including such classics as "Chinatown," "Saturday Night Fever," and "Braveheart."
The renewable three-year agreement, which takes effect Jan. 1, 2013, will allow Paramount to save the costs of manufacturing and shipping DVDs from its catalog.
Warner, which with more than 6,650 titles has Hollywood's biggest movie library, should be able to manage Paramount's inventory more efficiently by shipping them together with its DVDs and also packing certain classics from the two studios together for sale.
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-- Ben Fritz, Los Angeles Times