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Redbox Plans to Add 1,500 New U.S. Kiosks for Movie and Game Rentals

submitted 9 days ago by HouTex in "Stores / Merchants"

Redbox plans to spend $40 million in 2017 expanding its nationwide DVD-rental kiosk footprint. They'll add 1,500 new kiosks to their current base of 40,000 across the U.S., along with other technology investments in 2018. That means there may be more Redboxes in the U.S. than Starbucks and McDonald’s combined! At $1.50 for DVDs and $2.00 for Blu-ray DVDs, they remain the cheapest option for rentals - the lowest option for on-demand streaming is $5 for new releases.
Redbox will be exploring new locations for its kiosks, including movie theaters, mass transit, schools, gyms and libraries. Currently its two biggest retail partners are Walmart and Walgreens, and it also has Redbox kiosks at 7-Eleven, CVS, Kroger and McDonald’s locations.

Founded in 2002, Redbox has processed more than 5 billion rentals to date. Today, it averages about 39 million disc rentals monthly. About 60% of Redbox renters also subscribe to Netflix, and 44% have an annual household income of less than $50,000.

Redbox has direct output deals with Lionsgate and Paramount for same day as home video release, and with Universal and 21st Century Fox for a 28-day delay after home-video release. It currently does not have agreements with Sony Pictures Entertainment or Warner Bros. but those are in the works.

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    Posted by clover 8 days ago [reply] 0 0
    Interesting since I thought their business has gone down. I don't use it anymore even when I get a freebie.

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