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BUSINESS
June 17, 2011 | By Alex Pham, Los Angeles Times
Redbox has made good on its promise back in April to roll out video game rentals across its network of kiosks, announcing that 21,000 of its 27,000 kiosks nationwide will offer a mix of games and movies starting Friday. The company, which has rented more than 1 billion movies since introducing its service in 2003, had been testing game rentals for two years at 5,000 of its kiosks. It found that the average revenue of kiosks that rented games as well as movies was 10% to 15% higher than machines that rented only movies.
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BUSINESS
March 2, 2012 | Ben Fritz, Los Angeles Times
Universal Pictures has decided not to join forces withWarner Bros.in that studio's war with Redbox. Universal, the studio behind "Safe House"and this weekend's animated release "Dr. Seuss' The Lorax,"on Thursday announced an extension of its deal with the DVD rental kiosk company through August 2014 that will maintain the current 28-day wait from when DVDs go on sale until consumers can rent them from Redbox. The news comes two months after rival studio Warner Bros. said it would only sell discs to Redbox if it agreed to double the length of the so-called rental "window" to 56 days.
BUSINESS
August 12, 2009 | Ben Fritz
The battle lines over Redbox continue to be drawn in Hollywood, as Lions Gate Entertainment on Wednesday came down in favor of the controversial $1-per-night DVD rental kiosk company. The independent studio, known for its low-budget Tyler Perry comedies and "Saw" horror pictures, has signed a five-year deal to provide movies to Redbox on the same day they go on sale. In a regulatory filing, Redbox's parent company, Coinstar Inc., estimated it will pay Lions Gate $158 million over the term of the deal.
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.
BUSINESS
December 29, 2011 | By Ben Fritz, Los Angeles Times
Big-budget sequels ruled the box office this year, but it was romantic comedies that topped rentals at red kiosks. The Adam Sandler-Jennifer Aniston comedy "Just Go With It" was the most rented movie at Redbox kiosks in 2011, according to new data released by the $1-per-night DVD company. Right behind was the Ashton Kutcher-Natalie Portman romantic comedy "No Strings Attached. " All of the top five movies were those intended to make audiences laugh, a list that also included the animated comedy "Rango," the romantic comedy "The Dilemma" and the buddy comedy "Due Date.
BUSINESS
June 16, 2010 | By Ben Fritz, Los Angeles Times
Setting up opposing camps among the Hollywood studios over $1-per-night kiosk rentals, Paramount Pictures has agreed to provide its movies to Redbox on the same day they go on sale. The move comes soon after Warner Bros., Universal Pictures and 20th Century Fox all signed deals with Redbox to block rentals of DVDs until 28 days after they are released. The studios have argued that discount kiosk rentals hamper DVD sales and cut into home video revenue. However, Viacom Inc.'s Paramount views things differently.
BUSINESS
January 15, 2011 | By Ben Fritz, Los Angeles Times
Video-rental chain Blockbuster Inc. has been running ads criticizing its competitors for making consumers wait 28 days to rent new movies. In the case of Redbox, it turns out consumers may agree. Shares in Coinstar Inc., the parent company of $1-per-night DVD rental kiosk company Redbox Automated Retail, plummeted 27% on Friday after it disclosed that results for the fourth quarter ended Dec. 31 would be lower than expected. The reason: The company recently signed deals with several studios agreeing not to rent new movies until they had been on sale for four weeks.
BUSINESS
December 15, 2009 | By Ben Fritz
Paramount Pictures has put off a decision on whether to enter into a five-year deal that has riled half the Hollywood studios. The Viacom Inc.-owned studio has extended through June its trial agreement with $1-a-night DVD kiosk company Redbox that was set to expire Dec. 31. Under the deal struck in August, Paramount committed to provide new movies to Redbox in exchange for data that would help it decide whether low-priced rentals were hurting sales....
BUSINESS
May 28, 2011 | By Ben Fritz, Los Angeles Times
The days of the multi-day movie rental are officially over. Blockbuster announced Friday that it is switching to single-day pricing in a bid to better challenge its fast-growing rival Redbox. It's the first significant change at the struggling rental and retail chain since it was acquired by Dish Network Corp. in April for $320 million and a longtime executive of the satellite broadcaster was put in charge. The first day of rental will cost $2.99 for new releases and $1.99 for older films.
BUSINESS
January 7, 2012 | By Ben Fritz, Los Angeles Times
Warner Bros. is about to reignite a battle with Redbox and Blockbuster over how long consumers have to wait to rent DVDs. The Time Warner Inc.-owned studio is instituting a new policy that all DVD rental services must wait 56 days from the time the disc goes on sale at retail stores like Wal-Mart and Best Buy until consumers can rent them, according to people with knowledge of the matter who were not authorized to discuss it publicly. That's double the current 28-day "window. " A spokesman for Warner Bros.' home entertainment division declined to comment.
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