The 2 major Hollywood studios have signed a new 10 year joint venture in the U.S. to distribute physical copies of movies/TV Shows such as DVD's & Blu-rays as a way to address declining disc sales of their home entertainment content from their Home Video sales units primarily in the U.S. & worldwide.
Separate deals have been signed between both studios to distribute home video content for countries outside of the U.S.
A new phased deal will officially kick in within the UK & Ireland from Q1 2021. Warner Brothers will handle sales of Universal's physical home video content here.
Other countries covered from this date will include Italy, Netherlands, Belgium & Luxembourg.