Ever wonder why Amazon seems content to spend billions on content for its Prime Instant Video service, which is a free add-on to a $99 annual Prime subscription? According to Amazon CFO Tom Szkutak, it’s because that investment drives customers to buy more stuff.
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Aereo just got deader. The defunct streaming service now has to make a large payment to the studios that killed it. Aereo has agreed to pay CBS and other TV networks $950,000, a deal that actually works out to about a penny on the dollar with the damages that Aereo actually owes.
We’ve heard many competitors make the mistake of dismissing Netflix over the years, and it continues to happen. Jeremy Darroch, the CEO of London-based satellite TV operator Sky, is the latest industry exec to downplay Netflix’s influence.
In our never-ending quest to keep you informed and up-to-date on movie and home entertainment happenings, Inside Redbox regularly takes a look at major films coming out in the near(ish) future that are already generating buzz and anticipation. This time around, we’re spotlighting Fantastic Four.
File this one in the “Uh oh” category. Redbox has submitted an SEC filing that reveals that the company will be vacating nearly 100,000 square feet of office space in its longtime headquarters in Oakbrook Terrace, Illinois.
Over-the-top video is becoming ever more essential to American homes. Based on recent research from Parks Associates, nearly 60 percent of consumers in U.S. broadband households subscribe to an OTT video service. These services include Netflix, Hulu Plus, HBO Now, and others.
Amazon has always been an also-ran when it comes to the competitive streaming video business. The retail giant is still struggling to climb out from under Netflix’s shadow, and according to new research from Strategy Analytics, Amazon still has a ways to go.
Redbox operates well over 40,000 movie rental kiosks in the U.S. and has drastically cut back on expansion as it runs out of locations for its boxes. It now looks like the next step in Redbox’s growth strategy is up in the air.
Redbox and Delta Airlines announced a new partnership this morning called “AirBox” that will place small, specially designed Redbox kiosks on select Delta flights. See the news release after the jump for full details.
It’s been a season of uncertainty for Redbox, with leadership changes at its parent company and a slowly declining DVD rental market. At least one analyst, however, is bullish about Redbox’s most recent fiscal quarter, which ends today and will be reported on in a few weeks.