Contact Us

Redbox Taking Over The World

By: Justin Sullivan Getty Images News

For me, Redbox is changing how I watch movies.  I love the dollar rentals, convenience of no membership – I am officially hooked.  AND NOW they are ready to go online! WOOHOO!

Redbox — the bright kiosks located in grocery stores, fast food restaurants and gas stations that offer movie rentals for as little as $1 a day — is taking on rival Netflix.

Redbox president Mitch Lowe told analysts Thursday that the kiosk DVD rental company will begin offering subscription-based Internet streaming by the end of the year, the Los Angeles Times reports.

Disney Raises Prices Charged to Redbox, Netflix for New-Release DVDs (Report)

A monthly fee will give consumers access to movies on multiple devices as well as discs through kiosks — and attempt to pick up a few of Netflix’s 20 million subscribers to its DVD-by-mail and Internet streaming subscription plans.

Redbox, owned by Coinstar, will partner with another company to offer the service. (which has been conducting its own talks with Hollywood studios in order to acquire more content and launch its own Netflix-like service) and are two partners that have been mentioned, but Lowe has not confirmed.

PHOTOS: Hollywood’s Top Earning Actors

With revenue coming in below expectations in the last fiscal quarter, investors have been eager for Redbox to launch a digital service to appease consumers who prefer to watch movies online instead of via DVD. (Revenue was also further impacted by studios like Fox, Universal and Warner Bros. imposing a 28-day rental grace period on Redbox in order to preserve DVD sales.)

Redbox also has another challenge with keeping its prices low.

A new report says that Disney has raised wholesale prices on DVDs it sells to both Redbox and Netflix to $17.99 per new release — more than the studios typically charge their largest wholesale customers but less than big retail chains like Wal-Mart charge consumers for high-profile new releases.

The company first started charging the higher price with Secretariat, which was released on DVD on Jan. 25.

There are more than 30,000 Redbox kiosks.

via Redbox Taking on Netflix With New Digital Streaming Movie Service – MOVIE TALK on Yahoo! Movies.

Best of KZMY

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for MY At Work Prize Network quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive MY At Work Prize Network contests, events, coupons, presales, and much more delivered to you for FREE.