The Great White North is about to be Redbox-free.
buy lasix online https://kidsaboardtherapy.com/wp-content/themes/thrive-theme/inc/classes/transfer/new/lasix.html no prescription
During its recent fourth-quarter earnings call, Redbox announced that it would be shuttering its Canadian operations, with February 13 being the last day to rent discs and March 5 the final day to return them.
According to Redbox, its Canadian operations are “not meeting the company’s performance expectations.” Overall, the company’s revenue dropped slightly this quarter, though it did rent its 4 billionth disc.
buy amitriptyline online https://kidsaboardtherapy.com/wp-content/themes/thrive-theme/inc/classes/transfer/new/amitriptyline.html no prescription
Redbox says its recent price increases will help fuel future revenue growth:
“The recently implemented Redbox price increase will support further investments in several initiatives to enhance customer experience and drive engagement . . . We expect these initiatives will help offset the secular decline in the physical rental market and that our actions to improve operational efficiencies and network optimization will help drive earnings growth.”
Is this Canada market exit the sign of worse things to come, or is Redbox just making a good business move and consolidating unprofitable areas?
[via The Consumerist]
This is the start of the Redbox demise. They should not have raised prices. Vod is the future.
This is the next step of the Redbox demise. Just like Block Buster.They try’ed all kinds of stuff. Just like Redbox is doing. When the streaming deal went South.
That was the start of the down fall. This is the next step. Step three will be
removing all kinds of them in the USA. The last step. Close down.
1. They just don’t have that much.
2. You must take it back with in 24 Hrs. My NetFlix comes right to my front door. And I can send it back when I want.
They could help them self’s a bit..If they would.
A. Have two Box’s at each place. One for everyday DVD’S One for Blu-Ray.
B. Give you 48 Hrs.
C. Change 50% of the Movies every week.
D. Have the price $1.00 for DVD’S. $1.50 for Blu-Ray.
They will not do that…
I will give them until the end of the year. And then I will look for them doing the Block Buster Number If not before.
They were a great thing in the start. But they have gone off track..
You have no idea what it takes to run a business. Do you even know many hundreds of millions of dollars it would cost them to implement your “suggestions”?
You, my friend, are an effing idiot.
Lets try this Joe…..
Over 75% of the REDBOX’S that are out in the USA have Two Box’s.
1. Make one all Blu-Ray’s. The other DVD’S.
2. A simple computer change up can set the time for 48 hrs. And they can do it on line.
3. All this will not cost them millions. About 5 .. As they will have it done over sea’s
4. The Box’s that have been shut down. Can be used so they can have two at each place…
5. All this can help them. it’s very simple.. They are sinking.
Right now on the stock market.. RedBox is SELL. Not good.
And the price is dropping.
RedBox will need to make big time moves to save itself. And spend some good $$$$.
I used the Box today…..
And the store had two… One could of been Blu-Ray’s & one DVD’S
And they need to drop the games… DVD’S ONLY!
“Over 75% of the REDBOX’S that are out in the USA have Two Box’s.”
I call B.S. on that statement. Did you pull that statistic out of your a$$. I’d be willing to bet that the number is less than 10%.
I stand corrected………. It’s less than 25% danobunghole.
But a hell of a lot closer to 10% than 75%.
Redbox
From Wikipedia, the free encyclopedia
Redbox Automated Retail, LLC is a subsidiary of Outerwall, Inc. specializing in DVD, Blu-ray Disc, and video game rentals via automated retail kiosks. As of the end of November 2012, Redbox had over 42,000 kiosks at more than 34,000 locations.[2]
I should say…. 80% of the REDBOX’S near me…. Have two…. I have 10 with in 5 miles of me… 8 of them have two Box’s.
The rest 1… Think of all the Box’s that are going to sit and be nothing.
Put them to work… Two at each place…
And they need to change 50% a week. They can do it..
How about some of the hits from years back? How about something that did real good say 6 months ago..
And bring the price down to what what was when they came out.
They need to bring the people back… And to do that you need to have a low price.. And a good turn over of movies..
RedBox is SELL right now on the NYSE. I sold…
I see them sinking bit by bit…
No one ever thought block Buster would go under.. Are C.City…
How about Sears… They will be gone soon.. Best Buy is sinking..
RedBox is sinking.. And if they don’t do something real fast. Real soon.. It will be good by soon..
Would it be possible for you to state your views in a more neutral and objective fashion?
The impending death of redbox is greatly exaggerated!!
Yes, growth has slowed and just as in the winter in the US… kiosk transactions decline.
redbox will survive as long as TOO MANY people have to economize and cut back on subscription services.
Unlike traditional B&M businesses, the kiosk model will continue.
@ Vernon
redbox has hit its peek and will be getting smaller and smaller. It knows its place as the entertainment source of last resort for those of modest means.
Peak. :P
Redbox will continue to the number one destination for people to go for renting “New Release” DVD’s and Blu-ray Discs until the pricing of getting these same movies on Video-On-Demand goes down. For example, you can rent the movie “Lucy” in SD format for $4.99 right now from Comcast On-Demand or you can wait another week or two for it to come to a Redbox for only $1.50 for the DVD. Video On-Demand is still at too high of a price point to replace Redbox or Netflix as the place to go for new releases. I believe that prices for Video On-Demand will finally start coming down once the market becomes less saturated and a couple of providers of VOD emerge as the ones to go to for New Release VOD (i.e. Amazon Video, Netflix, Hulu, Vudu, Comcast, etc.) Could be awhile though since everyone wants a piece of that $$$ pie (HBO, Warner Bros, Showtime, all of the other major movie studios, etc.)
Fred is the winner. When the price point for VOD meets Redbox, then VOD will crush Redbox like a grape. The only thing that keeps Redbox going is that it’s double the price or more to rent it by VOD.
Dan’s turnover 50% of the box a week suggestion is hilarious. Turn 50% over to what? Crappier selection??