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Redbox Company

BUSINESS
October 29, 2010 | By Ben Fritz, Los Angeles Times
As more consumers leave DVDs behind for digital downloads, the company that brought movie vending machines to grocery stores nationwide is following the audience. Redbox on Thursday unveiled a new digital strategy that would expand the number of movies offered to consumers directly in their homes by next year, a move the Oakbrook Terrace, Ill., company hopes will set the stage for longer-term growth and soothe investors anxious about its prospects. The company is in talks with several potential partners for this expansion, which will include a Web-based service that works in conjunction with its $1-per-night movie kiosks, Chief Executive Mitch Lowe said.
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BUSINESS
September 4, 2010 | By Ben Fritz, Los Angeles Times
Netflix won't have the online movie subscription business to itself for long. Two of the biggest players in DVD sales and rentals, kiosk company Redbox Automated Retail and online retailer Amazon.com Inc., have told Hollywood studios that they are looking to launch streaming movie services similar to the one offered by Netflix. Their interest comes in response to the rapid growth of Netflix over the last few years as many consumers are now paying a flat monthly fee to access thousands of movies, instead of paying separately for each film.
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