With 43,000 kiosks and counting, it’s safe to say that there’s probably a Redbox not too far from where you’re sitting right now. Galen Smith, CFO of Redbox parent Outerwall, says that part of Redbox’s ever-growing business is the fact that retailers are almost always pleased to host a kiosk.
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Fans of the Blu-ray format may have noticed that the deals on the discs and players were a little less lucrative and highly touted this Black Friday compared to 2012. The culprit for that softening buzz around the HD format may be the streaming video player.
Netflix is flying high right now, and it’s easy to forget that just a few years back the company’s share values tanked and many industry insiders were doubting its future. One prominent analyst thinks the pendulum has swung to far the other way recently.
Independent films are grabbing a larger share of the home entertainment industry, and more companies are getting in on the distribution side. The owner of a company that distributes independent films to Redbox and other renters says that Redbox can have some serious pull when it comes to distribution schedules.
Research firm The NPD Group has released a report stating that the number of titles streamed by Netflix in the first nine months of this year far outpaced the collective number of disc rentals.
There seems to be no limit to consumers’ ever-increasing thirst for online video. Research firm TDG recently released a report stating that more than half of consumers who own an internet-connected TV are consuming more video via their over-the-top (OTT) TV sources this year than last. 24 percent of respondents stated that their video consumption had drastically increased.
Tired of losing customers to cord-cutting, Comcast has become the first cable operator to sell movies via set-top boxes. The new service, dubbed Xfinity on Demand, will offer titles for digital purpose several weeks before they’re for sale on DVD or Blu-ray.
With Black Friday coming next week and the holiday shopping season swinging into full gear, entertainment retailer Best Buy warned that its margins may not be able to sustain a price war with its competitors.