Now that RedBox’s video kiosk system is expanding even more after buying Blockbuster’s kiosk service called Blockbuster Express, for $100 million, which was sold to Redbox owner Coinstar, does this provide more or less opportunities for independent business owners to receive their own Redbox machines at their locations?
If you’ve recently applied to receive a Redbox DVD machine at your store, please comment below and let us know how the process went for you as a business owner — and whether you were accepted or rejected, and more details about the response from Coinstar.
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Most of us know the uproar that happened when Netflix decided to increase their prices to nearly double the amount customers were paying at the time.
Indeed, my husband cancelled our Netflix DVD mail-in service after that — no more pretty red envelopes in the mail. Boo hoo. But we have Blockbuster blue DVDs in the mail now, and we still enjoy Netflix’s streaming on demand video service from time to time.
But today, Yahoo will discover more information about the new Redbox product, where a video-on-demand feature will be added via Verizon, in addition to the love all those folks have so much for Redbox physical DVD kiosks.
“The world has another potential Netflix-killer,” wrote Yahoo.
“Verizon and Coinstar, owner of DVD kiosk service Redbox, have announced that they’ll be launching a joint venture combining Redbox’s product with a video on-demand streaming and download service from Verizon. Planned for the second half of 2012, the venture joins the biggest provider of physical DVDs with Verizon’s massive network. Verizon will hold a 65 percent ownership share, with Redbox having a 35 percent ownership share at the outset,” they stated.
“We’ll have more details on the joint venture later. The companies have a conference call scheduled for 9:30,” Yahoo informed us.
Read the article…
Redbox will continue to keep their DVD machines in nearly 4,000 Walmart locations across the United States, says a recent report:
Redbox Automated Retail, LLC, a wholly-owned subsidiary of Coinstar announced a renewal agreement with Walmart to continue featuring Redbox® kiosks at more than 3,700 Walmart locations nationwide. The agreement extends the availability of Redbox kiosks and builds upon the companies’ more than five-year relationship.
So that answers the question that many Walmart locations are indeed big enough and have enough traffic to merit having a Redbox featured at their store.
In fact, I was driving past a store the other day — it wasn’t my local Walmart, but was either a Walgreen’s or CVS store (I guess it wasn’t a Blockbuster’s, huh?) and I saw two Redbox machines outside the location.
I thought to myself: That’s probably great on those Friday and Saturday nights when the Redbox machine lines are extra crowded and long — at least people don’t have to wait as long as they would have if there were only one Redbox machine at that store.
So check the link above if you want to apply to receive a Redbox machine at your location, and to find out further information from the Coinstar-owned Redbox company.