Hollywood studios are split over Redbox, the $1-per-night DVD rental kiosk company: They could supply it with cheap wholesale discs and ride its massive growth, or starve it in the hopes of preserving higher-priced purchases.
cristo said:I used one once when I was in the US. I think it's a great idea, though I don't see how it will ruin the movie industry. In fact, won't they make more revenue, since people are more likely to rent a movie if it's only $1 as opposed to 3 or 4? They also don't have the most recent releases, do they?
Focus said:I hope this idea does spread. Main reason for piracy in my view is that movie prices are too expensive (both renting and purchasing). If I had a convenient access to cheap dvd rentals I would be renting out quite a few movies. It would definitely make a whole lot of cash (I spend that money on chocolate bars without thinking twice).
Greg Bernhardt said:Just saw one outside a walgreens. Seems like a decent idea. I still use netflix.
TheStatutoryApe said:A girl I know has a machine like this in her apartment building in Colorado.
arunma said:Really? Last I heard, Redbox was only in McDonald's and various grocery stores.
junglebeast said:I've used it a few times, but it's too much of a hassle to go back to the grocery store 2 days in a row. I watch online instead.
Moonbear said:I haven't looked at it closely enough to see how it handles late fees or tracks who has rented movies if you don't return them.
cristo said:You have to swipe your credit card, and if you don't return it, you are simply charged another dollar for the next day. I think they're a great idea, though that may just be because they haven't arrived in my quaint country yet!
cristo said:You have to swipe your credit card, and if you don't return it, you are simply charged another dollar for the next day. I think they're a great idea, though that may just be because they haven't arrived in my quaint country yet!
cristo said:You have to swipe your credit card, and if you don't return it, you are simply charged another dollar for the next day. I think they're a great idea, though that may just be because they haven't arrived in my quaint country yet!
Redbox is a company that operates self-service kiosks where customers can rent movies and video games. Hollywood studios are split over Redbox because the company purchases DVDs and Blu-rays from retailers instead of directly from the studios, causing a decrease in revenue for the studios.
Unlike traditional movie rental stores, Redbox does not have a physical store and operates through self-service kiosks. Additionally, Redbox mainly purchases DVDs and Blu-rays from retailers instead of directly from studios, which allows for lower rental prices but also means studios receive less revenue.
Some studios see Redbox as a way to reach a wider audience and increase DVD and Blu-ray sales. Others view Redbox as a threat to their DVD and Blu-ray sales and are concerned about the lower revenue they receive from Redbox purchases.
The rise of streaming services has decreased the demand for physical movie rentals, which has affected Redbox's business. As a result, Redbox has been purchasing fewer DVDs and Blu-rays, leading to further tension with Hollywood studios who already have concerns about the company's business model.
It is difficult to predict the future of Redbox and its relationship with Hollywood studios. However, as streaming services continue to gain popularity and physical movie rentals decline, it is likely that Redbox's business model will continue to face challenges and tensions with studios may persist.