Tag Archives: Redbox
Redbox Offers Discounts for Foursquare Check-Ins
Redbox and Foursquare have teamed up to run a promotion from August 15th to August 24th that will offer discounts to customers who check in to a Redbox kiosk on Foursquare. The dvd rental company has apps for iPhone and Android that provide users with info like Redbox locations and which titles are currently available where. Mashable reports that the check-ins will get customers discounts between ten cents and a dollar.
Categories Foursquare, Redbox
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Redbox By The Numbers [INFOGRAPHIC]
Redbox reported $363.9 million in quarterly revenue and $79 million in operating income. The company rented out about 1.5 billion videos thus far with an average of 55 million per month. About 4 million video games have been rented out per month. The infographic above has more details.
Categories Infographics, Redbox
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Redbox Hits 1.5 Billion Rentals
Redbox has officially announced that they have seen about 1.5 billion DVD and Blu-ray disc rentals thus far. Redbox launched in 2004 and also rented out over 4 million video games.
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Categories Coinstar, Redbox
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Redbox Announces Plans To Take On Netflix With Video Streaming
Movie kiosk company Redbox will soon be entering Netflix’s territory by selling video streaming subscriptions. Redbox president Mitch Lowe said that there will be a single monthly fee that would allow people to watch the movies on multiple devices. Netflix has about 20 million customers for its DVD-mail and Internet streaming subscriptions. [LA Times]
Categories Mitch Lowe, Netflix, Redbox
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Redbox Will Launch Streaming Service Next Year
Coinstar CEO Paul Davis confirmed in the pas tweak that Redbox is planning to launch a streaming service. Redbox has kiosks that are spread out across retail chains where people can rent a DVD for $1 per day. For a fixed monthly price, Redbox users will be able to stream an unlimited number of movies. No word on whether it will be an a la carte DVD model or an all-you-can eat DVD model yet. [BGR]
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Redbox To Rent Out Video Games For $2
Redbox has been testing video game rentals in certain markets as of this past July. After a successful pilot, Redbox decided to roll out this service to thousands more of their 24,000 kiosks. And it will cost $2 per night. Redbox kiosks can be spotted across certain grocery and convenience stores across the nation. [Consumerist]
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Redbox May Take Services Online
This coming October, Redbox may try taking their services online, thus challenging Netflix at their game. However it is unclear whether Redbox plans to do direct downloads, streaming videos, or if they will provide a DVD-by-mail service. Redbox currently has about 24,000 dispenser kiosks across the U.S. Each machine hosts about 200 titles. Netflix has around 100,000 titles to choose from. [Mashable]
Categories Netflix, Redbox
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Blockbuster Signs Deal With Fox and Sony
Blockbuster has signed deals with Fox and Sony. The deal is very similar to a deal that Blockbuster already has signed with Warner. Blockbuster’s deal with Fox, Sony, and Warner ensures that they will be able to rent new titles on the day they are released along with mail orders.
Blockbuster will also get favorable payment terms from the studios. Blockbuster has a plan to lower operating costs by about $200 million too. The movie studios made deals with Redbox and Netflix to allow new movies only after 28 days from the release date. [TechCrunch]
Categories Blockbuster, Blockbuster Inc., FOX, Netflix, Redbox, Sony Corporation, Warner, Warner Bros., Warner Brothers
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Redbox Testing Video Game Rental Service
Redbox, the DVD rental service in the form of a vending machine is now testing is new service, video game rentals. Redbox is adding video games to their vending machines and is preparing to launch a postal game rental service.
The game rental service will include games for the PS3, XBox 360, Wii, and PS2. The rental cost are about $2 per game for a night. To rent a game for 5 nights, the cost is about $9. Currently there are about 13 XBox 360 games listed as their inventory.
[via Zatsnotfunny.com]
20th Century Fox Withholding Movies From Redbox
In the United States, many of you will notice a big red box movie vending machine that allows you to rent a movie for a day at the price of $1. Up until now, Hollywood studios were willing to provide Redbox whenever there were new releases. However Redbox started selling the newly released DVDs for $7 on the open market after there were several rentals. The studios did not like this idea at all.
Now News Corporation and Universal Pictures are withholding newly released DVDs from Redbox as part of a lawsuit. Since studios are starting to withhold DVDs, Redbox is purchasing the DVDs themselves from Wal-Mart and other retail companies which is cutting into their own profits.
On the other hand, Sony Pictures has signed a 5 year deal for supplying DVDs to Redbox. However Sony Pictures DVDs had to be destroyed after Redbox reached a certain rental limit for each DVD rather than reselling it.
This past Wednesday, Fox ordered that new release DVDs should not be given to Redbox until 30 days after they have been available for sale. This policy will be effective starting October 27. Fox said that the $1 rental price is “grossly undervaluing” their movies.
While Fox ordered a 30 day delay, Universal Pictures insisted on a 45 day delay policy. Redbox refused this deal. So Universal cut them off altogether. Redbox sued Universal for cutting them off and claimed that antitrust laws were broken. In Delaware, a federal judge is expected to make a ruling.
Redbox is not prohibited on renting out DVDs that they purchase themselves because of the first-sale legal doctrine law. According to the doctrine:
“Notwithstanding the provisions of section 106 (3), the owner of a particular copy or phonorecord lawfully made under this title, or any person authorized by such owner, is entitled, without the authority of the copyright owner, to sell or otherwise dispose of the possession of that copy or phonorecord.”
Sony will be selling its movies to Redbox for $460 million over the next 5 years. Considering that Redbox vending machines has 17,900 kiosks and plans to launch an additional 8,500, that price is a bargain for what they would have to spend in retail stores. Redbox is owned by Coinstar.
[via The Associated Press]
Categories Coinstar, FOX, Redbox, Sony Pictures Entertainment, Universal Pictures
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