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Redbox

Facebook streaming movie trial sets sights on Netflix

March 8th, 2011

The Warner Bros. blockbuster The Dark Knight has become the first title to be made available for rental on Facebook, giving us our first glimpse of what ultimately could be a truly disruptive home entertainment product. Executives at Netflix, Hulu, Redbox and other similar services were no doubt squirming in their seats on Tuesday morning …

Redbox clarifies plans for subscription-based streaming Netflix rival

February 18th, 2011

In a meeting with analysts, Redbox President Mitch Lowe reaffirmed the Coinstar-owned company’s plans to launch a Netflix “Watch Instantly” competitor this year. Coinstar CEO Paul Davis first confirmed the forthcoming service last year during an earnings call, though he would not specify whether the company’s Internet streaming service would utilize an all-you-can-eat pricing model …

Redbox is ready to think outside the box; streaming service launches next year

October 29th, 2010

On an earnings call Thursday, Coinstar CEO Paul Davis confirmed that subsidiary Redbox would soon expand its portfolio to include a streaming product. Redbox currently owns and operates DVD movie rental kiosks situated in and around highly trafficked partner stores across the country. These unmanned kiosks allow customers to rent DVDs at low prices using …

Redbox developing an online streaming service to compete with Netflix?

July 20th, 2010

Redbox is reportedly exploring possibilites to expand its movie rental service beyond kiosks and onto the Internet. According to Redbox President Mitch Lowe, Redbox is considering a web service to to expand the availability of its 100,000 movie catalog and to make it easier for consumers to access its service. Initial details are not expected …

Blockbuster continues its decline, posts $425M loss in Q4

February 25th, 2010

Blockbuster continues its downward spiral with the once powerful movie rental company now posting yet another quarterly loss. Bad news across the board with sales plunging 16%, revenue falling 18%, and an income loss of $425 million which exceeds the $360 million loss posted in Q4 2008. Blockbuster is in tough shape; its stock is …