RedBox, the kiosk dvd rental service, has announced that they will increase their rental price from $1 to $1.20. RedBox’s parent company CoinStar, has said that higher operating costs forced them to increase pricing – Did no one at CoinStar watch the Netflix meltdown? Where have you guys been? Below is CoinStar’s stock price info – enjoy. Oh, Apple and Amazon thank you for making their streaming services look more appealing.
Do you have $290 million you wanna toss towards a dying business model with archaic consumer products – well then, Blockbuster is for you. After filing for bankruptcy back in the fall 0f 2010 – BB has emerged full of energy and looking to hook up……essentially they want a sugar daddy. So the bottom line is, who is stupid enough to pour money into this black hole of a business?
Netflix and companies like it, that offer audio/video streaming services, are the future. This model allows the consumer to easily access the content they desire at prices they desire. If renting a physical DVD from Blockbuster costs from $3.75-$4.25 and subscribing to Netflix streaming services is $7.99 a month/unlimited streams – you do the math. Good luck BB. NEXT!!
Source: Engadget.com / Image Source: TheNextWeb.com