| HIGH-DEF DISC NEWS | Receive High-Def Disc News via RSS |  |
More Blu-ray In The Immediate Future For Redbox
Thu Aug 06, 2009 at 04:00 PM ETTags: High-Def Rentals, Redbox (all tags)
Record profits spur expansion for the increasingly popular rental service.
In 2008, Coinstar made $73 million in profit from Redbox kiosks. In the first half of 2009, they’ve made $58 million. That’s around eighty percent of the money in just half the time, and it leaves Redbox execs wanting only one thing: MORE!
In a conference call with investors on August 4th, Redbox chairman Paul Davis stated that both video games and Blu-ray discs were in the immediate future for Redbox. Said Davis, “We plan to extend the current product offering by testing video games, Blu-ray, and a broader title base.”
He also spoke on the recent deal with Sony Pictures, which sees Redbox stocking about 20% Sony DVDs and giving up reselling rights, meaning that when the discs are done being rented, they will be destroyed. “We wouldn’t do deals that we didn’t believe were margin/dollar positive at the end of the day.”
Those interested can read the entire transcript of the call here.
See what people are saying about this story in our forums area, or check out other recent discussions.
- Most Recent High-Def Disc Headlines:
-
- Bonus View Digest - February 10, 2012
- 'About a Boy,' 'Definitely, Maybe,' and 'Meet Joe Black' Blu-rays Announced
- 'Alvin and the Chipmunks: Chipwrecked' Blu-ray Announced and Detailed
- Over Half of Homes Have an Xbox 360, PS3 or Wii - PS3 and 360 Play Time Up Significantly
- Panasonic Prices and Dates Plasmas and LCDs for Japan
- More High-Def Disc News...
» High-Def Digest home page
