Time Warner has released its third-quarter earnings, and according to Video Business the company is “upbeat. . . noting improved studio performance plus stabilization of the overall DVD market.” Time Warner also appears confident that continued growth in the rental, digital delivery and high-definition sectors will help keep home entertainment revenues in the black.
New to Inside Redbox? Stay up-to-date on the latest Redbox Codes, news and more. Subscribe to "Insider Updates" (see form on the right) and/or to the RSS feed.
Redbox parent company Coinstar released its third-quarter investor update today, and the news was stellar. 3Q revenue from Coinstar’s Redbox and much-smaller DVDXpress brands jumped to $198.1 million, a 90% increase over the $104.2 million earned in the same period in 2008.
Retail giant Best Buy is getting into the increasingly crowded movie download business by way of a new partnership with CinemaNow. Through the deal, titles from CinemaNow’s video library will be streamed directly to consumers through devices purchased at Best Buy. These devices will include web-connected television sets, portable media players, PCs, Blu-ray players, set-top boxes and mobile phones from a wide array of manufacturers. The partnership is expected to launch very late this year or in early 2010.
Several commenters on this site have claimed recently that Redbox kiosks in their areas have been charging more than $1 per night for rentals. The kiosk vendor confirmed yesterday that it is currently testing two different pricing models, one in Albuquerque, New Mexico and one in Harrisburg, Pennsylvania. Kiosks in Albuquerque are charging $1.50 per night, and Harrisburg machines are charging $2 for the first night, with the customary $1 per night charge for additional nights. The higher test prices are for both new releases and catalog titles in both areas.
Unlike several other studios, Paramount has opted to take a measured approach to the rise of Redbox, and has declined to rush to judgment on the kiosk company’s impact on home video revenues. With the four-month “trial” period of the companies’ agreement coming rapidly to a close, however, Paramount will soon be deciding whether or not to continue distributing titles to Redbox for the long term. According to the press release put out by Redbox in August of this year, “Following the four-month trial period, PHE [Paramount Home Entertainment] has the option to extend the program to 2014, with an out clause after two years.”
Redbox announced today that it will be expanding its title offerings from two major film distributors: Summit Entertainment and NCircle Entertainment. The kiosk vendor has signed two-year distibution agreements with both companies, which will allow Redbox customers greater access to Summit and NCircle titles at Redbox’s network of nearly 20,000 kiosks.
Here we are at the beginning of a new month, and Redbox is gracing us with another free rental…
Today’s code is:
TEGJ6FD [NOTE: multiple codes today, see comments]
Expires tonight (Monday, Nov 2) at midnight Central Standard Time.
What will you rent today?
Want more FREE movies?
Click here for more Redbox Codes
Here are your list of rentals coming to a Redbox near you this week. Remember, some titles such as “Aliens In The Attic” may be delayed a few days… What will you watch this week?
G.I. Joe: The Rise of Cobra Starring: Dennis Quaid, Channing Tatum
Year: 2009
movie details / trailer
The Marc Pease Experience Starring: Jason Schwartzman, Ben Stiller
Year: 2009
movie details / trailer
Move over, Blockbuster. You’re not the only B&M rental chain being decimated by Redbox, Netflix and VOD. Movie Gallery, the second largest video rental chain in North America, has announced that it may be closing as many as 200 stores by the end of 2009. These closings will be in addition to the 250 Movie Gallery and Hollywood Video (which it owns) locations that the company has already closed this year. In aggregate, the 450 shuttered stores would represent about 14% of the company’s total locations.
Netflix appears to be slowly putting the pieces in place for a post-DVD, streaming dominated model. After announcing just a few days ago that its movie streaming service will soon be available on the Playstation 3 game console, it now looks like Netflix streaming will also be coming to the Nintendo Wii.
Streaming media analyst Dan Rayburn says that, according to a source of his that is ” involved in the project”, Nintendo and Netflix are currently engaged in testing the streaming service that will arrive on the Wii “very shortly.”
