In this paper we consider the compression of asymptotically many i.i.d. copies of ensembles of mixed quantum states where the encoder has access to a side information system. The figure of merit is per-copy or local error criterion. Rate-distortion theory studies the trade-off between the compression rate and the per-copy error. The optimal trade-off can be characterized by the rate-distortion function, which is the best rate given a certain distortion. In this paper, we derive the rate-distortion function of mixed-state compression. The rate-distortion functions in the entanglement-assisted and unassisted scenarios are in terms of a single-letter mutual information quantity and the regularized entanglement of purification, respectively. For the general setting where the consumption of both communication and entanglement are considered, we present the full qubit-entanglement rate region. Our compression scheme covers both blind and visible compression models (and other models in between) depending on the structure of the side information system.

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