After much “will they or won’t they” speculation, Redbox and Lionsgate have announced a new multi-year agreement that will bring new Lionsgate films to Redbox on the day they are available for retail purchase.
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Redbox has finally joined the loyalty program game with the launch of its new Play Pass. After signing up, renters earn 10 points for every rental, and receive a credit good for a one-day movie rental upon reaching 100 points. More details are after the jump.
As the physical movie disc continues on its slow decline, one surprising thing may be helping to delay the demise of the format: Amazon Prime. According to the company’s CFO, Tom Szkutak, Amazon’s $99 per year Prime subscription increases sales of books, music, and especially movie discs.
Netflix launched its streaming service in Canada in 2010, and now owns a big chunk of the $1 billion Canadian video rental market. Redbox has also been growing in The Great White North, and together the rental titans are expected to account for more than half the Canadian market by 2016.
We know that Redbox has been tinkering with the idea of raising prices beyond its standard $1.20 for DVDs and $1.50 for Blu-rays. The company has been testing higher prices in several cities for a while now. A prominent analyst has a some words of warning for Redbox if they’re considering making such test prices permanent.
Netflix has released its financials for the third quarter of this year, and Wall Street was not impressed. Though the company reported growth in both earnings and subscriber numbers, its shares plunged more than 20 percent in after-hours trading.
Snip! That’s the sound of HBO uncoupling its highly sought-after content from a cable subscription. For its entire history, the service has only been available as part of a premium cable package. That’s about to change.
Netflix has long considered itself much more that a typical streaming content provider, and the company’s strategy on providing shows that appeal to every age group demonstrates that. Netflix chief content officer Ted Sarandos says that the company’s focus on providing content for viewers of all ages is paying off.
If you’re a bleeding-edge adopter of 4K Ultra HDTV, you can get the higher quality picture from your Netflix subscription, as long as you’re willing to pay a little more. Netflix charges subscribers $3 more per month for the privilege of receiving select shows in 4K.