Redbox Instant is shutting down October 7
A year and a half after its official launch, Redbox Instant is calling it quits. The shutdown shows how hard it is to compete with Netflix for streaming video subscriptions.
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A year and a half after its official launch, Redbox Instant is calling it quits. The shutdown shows how hard it is to compete with Netflix for streaming video subscriptions.
Redbox Instant hasn’t been able to sign up new users for three months due to a credit card fraud issue that may fasten the video service’s demise.
http://www.forbes.com/sites/afontevecchia/2013/10/04/netflix-competitor-redbox-sees-barry-rosensteins-jana-become-top-stockholder/ Activist investor Barry Rosenstein has bought a 14.5 percent share in Outerwall, the parent company of Redbox, for around $204 million,…
Redbox Instant is coming to Google TV devices soon, and the company plans to launch a channel on Roku streaming media players soon after.
News Corp COO Chase Carey spoke about Fox’s digital strategy in an earnings call Wednesday afternoon. The company saw strong growth in home video, thanks to digital downloads. Carey also acknowledged that Hulu will have to adapt in coming years to compete with Netflix.
Don’t count out DVDs just yet: That was one of the key messages that Redbox Instant by Verizon CEO Shawn Strickland had for a select group of reporters Wednesday. Strickland said that Netflix’s decision to sideline DVDs was a mistake.
Redbox Instant by Verizon officially launched its beta test Wednesday, offering consumers online streaming and four DVD rental credits for $8 a month. Many of these details had been reported before, but we were able to obtain a video demonstrating the service on PCs and Macs.
We’ve got some exclusive details about Redbox Instant by Verizon, the yet-to-be-launched Netflix competitor with the complicated name: The service will charge consumers as little as $6 per month, launch with apps for Android, iOS and Xbox 360 and open up as early as December 17.
Stocking stuffers anyone? I know, it’s only September, but Redbox and Verizon are already looking forward to the holiday season, when they plan to launch their Netflix competitor. The service, dubbed Redbox Instant by Verizon, also wants to offer pay-per-view streaming on its website.
Redbox Instant by Verizon doesn’t want to beat Netflix with a bigger catalog, but rather focus on fewer titles that matter. You know, like that Redbox kiosk in your supermarket. Coinstar CEO Paul Davis revealed some details about the service during an interview.
The DVD business is still very, very good to Redbox and its parent company, Coinstar, which now control more than 42 percent of the U.S. disc-rental market. Redbox, however, said nothing about its new Verizon joint venture in Thursday’s Q2 earnings call.
The joint venture will operate under the name “Redbox Instant by Verizon” and will be headed by former Verizon FiOS executive Shawn Strickland. It’s still unknown as to what kind of programming it will offer and at what price.
Has the long-moribund home entertainment sector finally started to turn the corner? Significant growth from subscription streaming and Blu-ray rentals and sales give the industry its second up quarter out of the last three, according to studio-funded research firm the Digital Entertainment Group.
While its longtime DVD-rental rival, Netflix has signaled its eventual retreat from the disc business, kiosk operator Redbox seems more than happy to take on any physical-media customers Netflix wants to cut loose.
Yesterday, we suggested that video-rental chain Redbox might have to cave on its demand for 28-day release window with Universal, and wind u…
The last year has been pretty good to Redbox. The rental kiosk chain is about to embark on a new streaming venture with Verizon, and has bee…
A lot has been made of Warner Bros. and its new eight-week window for DVD rental firms. But the new window is unlikely to change much for companies like Netflix, Redbox or Blockbuster. While Netflix users will wait longer, Blockbuster and Redbox users likely won’t.
Redbox was expected to be one of the big beneficiaries of Netflix’s most recent price change. But there wasn’t any apparent effect in Redbox’s numbers, as parent Coinstar reported revenues just slightly above Wall Street consensus. Worse, Redbox announced it is raising rates itself.
Amazon announced today that it has more than 100,000 titles available for rent in its online video-on-demand library. That’s a big number, but it’s not really a threat to Netflix’s subscription streaming service. After all, bigger isn’t always better, and people love all-you-can-eat services.
Beginning next week, Redbox users will be able to get discounts on rentals when they check in at kiosks on Foursquare. For the location-based service, it’s one way to grab new users who don’t already share where they are, and introduce them to new places.
Now there’s even more evidence that movie viewers are turning to a rental, rather than a purchase, model for their home entertainment needs. Subscription services like Netflix and kiosk rentals from Redbox were bright spots in an otherwise dismal second quarter for the big Hollywood studios.
What would happen if you mashed up Redbox’s $1 a night movie rentals with Netflix’s online streaming service? You’d probably get something like Zediva, which lets you rent DVDs online and stream them — subtitles, special features and all — over the Internet.
Disney discussed its digital strategy at its Investor Conference, announcing an initiative called Studio All Access and citing the need to experiment with different digital distribution platforms and strategies. At the same time, it is raising the rates it charges DVD rental firms for its discs.
Redbox is still dragging its feet on streaming, telling analysts yesterday that it was still picking a partner for a subscription service that will be launched later this year. But it has its work cut out for it if it plans to compete against Netflix.
Redbox parent Coinstar missed its quarterly revenue projections by a wide margin, blaming weak titles and its 28-day rental window. But it is also suffering due to competition from online services. After all, why go to a kiosk when you can rent from home?
Some of the biggest technology tail winds driving the consumer space in 2011 will include connected entertainment devices, over-the-top video, real-time communication and continued integration of social software into entertainment platforms. Combine all this with rising consumer confidence, and we can expect an action-packed year.
Hollywood studios began striking deals earlier this year to ensure new release DVDs weren’t available for rent from Netflix or Redbox for 28 days until after they had gone on sale. But if certain studio execs have their way, the wait might get even longer.
While Redbox confirmed that it would have a digital video offering in 2011, and said it would do so with a partner, it had little to say about the specifics of what such a plan would look like. Here’s who we think that partner might be.
The Karate Kid is on shelves and VOD now, but won’t be available for DVD or Blu-ray rental through Netflix until Nov. 2, 2010: 28 days from now. However, that doesn’t mean Netflix has signed a windowing deal with Sony.
DVD kiosk rental firm Redbox hit a major milestone, announcing its one billionth movie rental. As a result, it is giving away free rentals to users and launching a contest to give away a free trip to the People’s Choice Awards or a Sony Entertainment System.
Today on the Net: Canada’s Telus uses Microsoft’s Xbox as an IPTV set-top box, Time Warner’s CEO likes the effect that the Netflix rental window is having on DVD sales and Suprnova.org won’t serve torrents any more.
Consumers can now rent Blu-ray discs at more than 13,000 Redbox kiosks around the country. They’ll have to pay a premium to watch their rentals in high-def, however; Blu-ray discs cost $1.50 a pop, as opposed to the $1 per night that Redbox is famous for.
Redbox is looking to the web to augment its dollar-a-day DVD rental service, according to a report by Bloomberg. The streaming service, which is expected to be announced by October, could help boost revenues and position Redbox as yet another competitive threat against Netflix.
Viacom’s Paramount Home Entertainment will provide Redbox with its new releases on the same day they go on sale, under a long-term agreement…
After 10 months of studying Redbox rental data, Paramount decided that its $1 nightly rentals were having a negligible effect on new release sales. The result? The studio struck a deal to let Redbox rent its new releases on the same day they go on sale.
Redbox will soon get into the Blu-ray rental market, according to company president Mitch Lowe. Speaking at an industry trade show, he said Redbox would use its existing footprint to rent higher-value Blu-ray discs at a premium to its $1 a night DVD rentals.
Redbox President Mitch Lowe joins us for this week’s Five Questions With…, and describes his frustrations with the industry’s aversion to change as well as his abiding respect for the Hollywood studio system — including the works of actor Johnny Depp.
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Coinstar, the parent company of DVD-vending company Redbox, reported third-quarter earnings yesterday, with the unit’s revenues up 90 percent to $198.1 million.…
DVD rental service Redbox’s revenues were up 90 percent in Q3, to $198.1 million, though the LAT notes that the growth is starting to slow.…
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Court Orders Pirate Bay to Delete Torrents; site operators are found responsible, but don’t have to block access to Dutch users. (TorrentFreak)…
Visible Measures Raises Add-On Funding; total amount the video metrics company got for its third round undisclosed, it had already taken $10…
FOX Files Brief to Dismiss Redbox’s Suit; the two entities are in an ongoing tussle over $1 per night movie rentals and…
Twentieth Century Fox has filed a motion to dismiss what it calls the “meritless” lawsuit that DVD rental kiosk company Redbox filed against…
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Fox Goes to War with Redbox; studio orders wholesalers to stop supplying discs to the DVD rental kiosk company for 30 days…
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