Universal will take over the distribution of DVDs and Blu-rays for Paramount in foreign territories as part of a new five-year deal brokered by the companies.
The deal will begin with Universal Pictures Home Entertainment handling distribution of the physical discs in the United Kingdom on July 1. Other territories will be added over time.
The two homevideo divisions of the studios already had worked together on the release of homevideo fare in some foreign markets in the past on select titles. The companies will continue to handle the release of their own DVDs and Blu-rays individually in the U.S.
Paramount called the expanded arrangement a way to make its new releases and catalog titles available to more markets.
“Universal Pictures has been a terrific partner over the years,” said Rob Moore, vice chairman, Paramount Pictures. “We believe this new strategic agreement will create an important opportunity for us to strengthen our international distribution business during this transformative time in the home entertainment space.”
Added Peter Levinsohn, president and chief distribution officer, Universal Pictures: “As the home entertainment industry continues to evolve, this new partnership will create greater scale across our physical distribution business, resulting in meaningful benefits.”