It\’s really no surprise that Redbox is going nationwide with its $1.50 Blu-ray rentals, at every step along the style of its Hollwood dealmaking, the company has noted its aim towards procuring a supply of high definition movies, and now the day is finally here. The high definition disc packing kiosks currently number 13,300, and the plan is to have Blu-ray in all 26,000 locations by the fall. While we spotted a variety of Blu-ray enabled locations with a San Francisco zip code, other areas within the Midwest and East Coast weren\’t so lucky. The location points out a couple of of the films on offer, including Green Zone, Book of Eli and Bounty Hunter, but there\’s no option to check which movies are in stock at each box. In fact, at this price, we’d be willing to take our chances until Redbox gets things straightened out, or starts offering an online competitor to Netflix.
DVD Rental Kiosk Leader Now Offering Popular Blu-ray Titles at a cheap Price
OAKBROOK TERRACE, Ill., July 29 /PRNewswire/ — Redbox, the favored DVD rental kiosk provider, and wholly-owned subsidiary of Coinstar, Inc. (Nasdaq: CSTR), today announced it has started rolling out Blu-ray™ titles with availability at approximately 13,300 kiosks nationwide. Redbox will rent Blu-ray Discs® at $1.50 per night plus tax and the company expects to have availability across its network of approximately 23,000 kiosk locations by the fall.
\” Offering Blu-ray rentals is an exhilarating opportunity for redbox to expand our product offerings and build on the relationships that we\’ve established with millions of customers nationwide,\” said Mitch Lowe, president, redbox. \” Redbox is a convenient, affordable home entertainment provider and we\’re delighted to give consumers their favorite movies on the increasingly popular Blu-ray Disc format.\”
In keeping with a contemporary report by the Digital Entertainment Group, sales of Blu-ray players increased 103 percent inside the first half of this year. The sale of virtually two million set-top players during this time has increased the complete number of Blu-ray players sold to an estimated 19.4 million, resulting in more consumers entering the Blu-ray rental market.
\” The Book of Eli,\” \” Bounty Hunter,\” \” Brooklyn\’s Finest\” and \” Green Zone\” are a few of the Blu-ray titles currently available at redbox® kiosks. The number of Blu-ray titles and copies will vary by kiosk and site with new titles being added each week. Consumers can visit www.redbox.com/bluray to search out a nearby redbox location and to find out Blu-ray availability in their area. Consumers can return their Blu-ray rentals to any redbox location as component to the company\’s rent-and-return anywhere® policy.
Each fully automated redbox kiosk holds 630 discs, representing up to 200 titles, including standard definition DVDs and Blu-ray Discs at select locations. Consumers simply use a marginally screen to pick their favorite movies, swipe a legitimate credit or debit card and go. For additonal convenience, customers can visit www.redbox.com to pick out their movie online or via the iPhone® app from redbox and pick it up immediately at the redbox location of their choice.
About Redbox
Redbox Automated Retail, LLC, a completely-owned subsidiary of Coinstar, Inc. (NASDAQ: CSTR), offers generation DVD rentals through its network of conveniently located, self-service kiosks. Redbox has rented more than 880 million DVDs and is on the market at approximately 23,000 kiosk locations nationwide, including select McDonald\’s restaurants, leading grocery, drug and convenience stores, and Walmart locations in select markets. For additional information, visit www.redbox.com.
Certain statements in this press release are \” forward-looking statements\” inside the meaning of the personal Securities Litigation Reform Act of 1995, including phrases conveying expectation or intent and other expressions identifying future performance. Forward-looking statements aren’t guarantees of future performance which can vary materially from performance expressed or implied inside the forward-looking statements. Differences may end up from actions taken by Coinstar, Inc or. redbox in addition as those of third parties and from risks and uncertainties beyond our control. Such risks and uncertainties include, but should not limited to, changes within the number and timing of anticipated installations and the termination, non-renewal or renegotiation on materially adverse terms of contract terms with our significant retailers. The foregoing risks and uncertainties are illustrative, but under no circumstances exhaustive. For additional information on factors which will affect future performance, please review \” Risk Factors\” described in our latest Form 10-K and any subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. These forward-looking statements reflect Coinstar, Inc.\’s expectations as of the date of this release. Coinstar, Inc. undertakes no obligation to update the data provided herein.
SOURCE Redbox Automated Retail, LLC
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