Redbox on Thursday announced that it will add video game rentals to an additional 5,000 kiosks beginning August 1st. The company announced last month that game titles for the Microsoft Xbox 360, Sony PlayStation and Nintendo Wii would be added to 16,000 more redbox kiosks by the end of June, and the total after this coming round of additions will approach 27,000. Redbox owns and operated approximately 33,000 rental kiosks around the country, and the company did not indicate if or when video games might be added to the remaining 6,000 kiosks. ”Whether customers are playing a new game or genre, trying a game before they buy it or simply entertaining friends and family, they’re embracing the availability of games at redbox,” said Joel Resnik, vice president of video games, in a statement. Company president Mitch Lowe continued, “More than 1.5 billion movie rentals and the positive consumer reaction to video games highlight the ongoing demand for physical media.” All game titles carried in redbox kiosks can be rented for $2 per night. Redbox’s full press release follows below. More →
Redbox on Friday added game rentals to its arsenal at rental kiosks across the country. Video game rentals had previously been available for some time at approximately 5,000 Redbox kiosks spread throughout the U.S. in a beta phase. Now, Redbox is adding video games to another 16,000 kiosks this month, though it is not clear if or when Redbox plans to add games to the remaining 6,000 kiosks it owns and operates. Popular video game titles for Microsoft’s Xbox 360, Sony’s PlayStation and Nintendo’s Wii consoles will cost $2 per day to rent, and the procedure works just like movie rentals — titles can be rented indefinitely and Redbox will keep charging its daily rate until the title is returned. If a title is kept for 25 days, a one-time fee is charged ($25 for DVDs, $34.50 for Blu-ray Discs and $50 for video games) and the disc no longer needs to be returned. More →
In a Securities and Exchange Commission filing made this past Friday, RadioShack stated that it will be losing more than 400 kiosks located in Sam’s Club stores across the country. The closures will result from an expiring contract between RadioShack and Wal-Mart Stores Inc., owner of the Sam’s Club chain. Sam’s Club will take over the operation of the kiosks by June 30th, when the contract is set to expire. RadioShack currently sells cell phones and service contracts through the aforementioned kiosks, and it represents a decent chunk of business for the retailer — through the first nine months of 2010, RadioShack reported $20.6 million in profits from its kiosk business. RadioShack plans to increase the number of Target kiosks it operates in an effort to curtail losses, but the company estimates that its kiosk profits will still decline by between $10 million and $15 million in 2011.