PARAMOUNT GETTING TREK 3:SEE YA JJ- TOGETHER.

PARAMOUNT PICTURES KNOCKS BOOTS WITH REDBOX KIOSKS

HOLLYWOOD, Calif. -- Paramount Home Entertainment Inc. (PHE) and Redbox Automated Retail, LLC (redbox), today announced that Paramount exercised its option to extend its revenue sharing license agreement, providing redbox access to PHE DVD and Blu-ray titles to rent at its approximately 22,000 kiosk locations on the same day they are released in the sell-through market. PHE exercised its option following results from a 10-month analysis of DVD sell-through and rental performance.


"After analyzing the data from our test period we have concluded that redbox day-and-date rental activity has had minimal impact on our DVD sales," said Dennis Maguire, Worldwide President of Paramount Home Entertainment. "By granting redbox day-and-date availability we are allowing the consumer a choice of how to consume our movies while maximizing the profitability of our releases in the home entertainment window. We are looking forward to continuing a productive and mutually beneficial relationship with redbox."


"We are delighted to continue our relationship with Paramount to provide consumers with convenient, timely and affordable access to their favorite movies," said Mitch Lowe, president, redbox. "We look forward to supporting Paramount movie releases through joint marketing programs. This arrangement is a win, win and win - for consumers, Paramount and redbox. "


Redbox and PHE first signed a trial license agreement in August 2009, with redbox agreeing to provide PHE rental data to evaluate the potential benefits of a longer term contract

TOM CRUISE SHALL FLY INTO A TOP GUN SEQUEL.
-About 22 years after the fact.

The now 46 year old Pete "Maverick" Mitchell, as a instructor, would take under his wing- a female hot shot pilot (who reminds him of his coolly, arrogant younger days.) They fall in love,as a crucial mission arises that could get both of them killed.

Cruise presumably would produce, along with his long time partner Paula Wagner, and would be distributed by former nemesis studio Paramount. The studio's head and Cruise had a spectacular blowout recently. The studio fired its biggest moneymaker for his Oprah antics and anti-psychology/pro Scientology tirades on many TV outlets.