Tag: REDBOX

In an effort to find a convenient and profitable way to recycle discarded electronics, ecoATM has raised more than $14 million to place eCycling kiosks in stores across the U.S. Each kiosk pays people who recycle their e-waste by giving them either cash or coupons from the store where the machine is located. All you have to do is drop off that old BlackBerry, iPod or other device at the kiosk. The ...

It's no secret, or surprise, that subscription-based DVD rental services like Netflix are eating up the market share of retail outlets like Blockbuster. In the third quarter of 2010, subscription plans accounted for 41-percent of DVD rentals, while in-store transactions only accounted for 27-percent. What is slightly shocking is that, according to NPD, rental kiosks (like Redbox) outperformed ...

Blockbuster is bankrupt! Or, it will be come September, when the company plans to file Chapter 11 (which, for all you legal-phobes, means the company will financially restructure). Under a looming $920 million debt, the chain will close at least 500 stores, and focus instead on DVD kiosks and online distribution. Luckily, Blockbuster's still got an edge on studio releases over Netflix and Redbox. ...

We're sure you're familiar with Redbox's kiosks, which offer DVD rentals for $1, and can often be found on your way out the door of your local mega-mart. Now the company is updating its services to offer high-def Blu-ray rentals. Of course, the HD discs will set you back slightly more than the $1 DVDs, but, at $1.50, the price bump is hardly a deal breaker. Roughly half of the company's 26,000 ...

Those little vending machines-cum-movie dispensers seen at local grocery stores and corner shops have a virtual future. Redbox is developing an online platform, which aims to put one more nail in Blockbuster's coffin by following in Netflix's footsteps. When asked about the company's expansion to offer an online service, Redbox President Mitch Lowe said, "The way we look at it is, how can it help ...

Taking a stance different from those of other film studios, Paramount Pictures recently decided to allow Redbox, a $1-DVD-rental kiosk, to distribute its films on the same day they go on sale in stores. According to the Los Angeles Times, Redbox will pay Paramount about $575 million as part of the revenue-sharing deal, which runs through 2014. Other studios, like Warner Bros., Universal Studios ...