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Analyst: Redbox Business Stabilization “Highly Unlikely”

Posted by on Jul 14, 2014 under news

RedBox-LogoWhile disc rentals will likely be around for quite a while, some industry analysts are pretty bearish on the prospects of Redbox, just about the biggest remaining DVD renter.
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Pacific Crest Securities analyst Andy Hargreaves is not too keen on the long-term success of Redbox, which is owned by parent company Outerwall. Said Hargreaves:

“Total DVD/Blu-ray rental volume in the U.S. has declined for six consecutive years . . . We have found no physical format in the past 40 years that has stabilized after five or more consecutive years of decline, which makes a stabilization at Redbox seem highly unlikely.
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“

Is he being to down on Redbox’s chances, or is this simply a statement of the inevitable?

[via Investors.com]

3 Responses to “Analyst: Redbox Business Stabilization “Highly Unlikely””

  1. Visitor [Join Now]
    DanoFive0 [visitor]
    July 14, 2014 at 9:40 pm

    I think they are going by how the past has gone..
    But the past is not right all the time..
    Try this out..
    If you have a family of 4/5 And the kids watching TV shows and Movies online..
    You will be over the Cap in no time.. And then they will charge you up the kisser for more online time..
    After Mon and Dad get a butt kicking online bill.
    And blow up. They may tell the kids. Hit RedBox..
    Just a thought!

  2. Member [Join Now]
    jonmac
    July 21, 2014 at 7:38 am

    I do believe that the downfall of hard media is inevitable, however I don’t believe that will happen for years to come. Don’t expect to see a new evolution of media, everything is moving to streaming. But on that note, there are millions of people who do not have broadband sufficient enough to watch these movies on Netflix, Amazon, Hulu, etc. etc. for them, disks are the solution. I think they will be around for quite some time. Also, no one seems to take into consideration that the cost of a Redbox kiosk is minimal. So providing discs in a box with no one working in it doesn’t really cost that much. Someone just has to go by and change the disks about twice a week.