Investors Take Note

[Buster]

so we go on beer run last night before 2am last call...get to grocery store and walk in and notice about 10 or so people milling around this machine..go straight to beer cooler and then to register..still there are people in line at this machine..i ask cashier what it is and she says" it is a vending machine for movies,and it stays busier than the store itself it seems"..

the movies are current for the most part and they are only 1.00 a day...these machines will be everywhere very soon...

http://www.redbox.com/HowItWorks.aspx

 

[Buster]

i see now where it has been mentioned on here before...first time i have seen them in my area

The Red box is the only way to go $1 per day.

 

[festeringZit]

Netflix for me is cheaper, because it would cost me a couple
bucks in gas to pick em up and return them the next day.

Although if I was driving by the machine every day it would
make sense...

 

[festeringZit]

And, netflix has a much better selection

 

[WorldNumberOne]

blockbuster online is the way to go . being able to return them and get another movie works best

 

[Fishhead]

$1 rentals at WALMART

 

[bigtendominator]

They have them in grocery stores here in Plano. I haven't used them (we never rent movies), but a friend of mine loves it. Says it beats Blockbluster.

 

[flacapper]

Thanks for just realizing something thats been around for a while.
This way you dont have to go tru the mailing bullshit and can do while shopping anyways

 

[Buster]

well they didn't issue their press release until a little over a month ago that they are going public..

http://www.redbox.com/Press/Press.aspx

also just found out that these boxes are in convenience stores also...these machines will be as common as drink machines soon

 

[bigtendominator]

also just found out that these boxes are in convenience stores also...these machines will be as common as drink machines soon[/quote]

Actually good place for this machine would be in office buildings. I would think a lot of people would love to pick a movie up on their way home instead of driving to blockbuster and can return it on Monday at work.

 

[Rude]

We had them here in Canada many years ago .. could be making a comeback

 

[Buster]

We had them here in Canada many years ago .. could be making a comeback

what was the downfall? i couldn't believe 10 or so people waiting in line at almost 2 in the morning to rent a movie..

 

[Buster]

also just found out that these boxes are in convenience stores also...these machines will be as common as drink machines soon

Actually good place for this machine would be in office buildings. I would think a lot of people would love to pick a movie up on their way home instead of driving to blockbuster and can return it on Monday at work.[/quote]


excellent idea...

 

[whalewager]

they put them at every mcdonalds here

 

[FairWarning]

$1 rentals at WALMART

But then you have to go to Wal-Mart. Screw that.

 

[jeckll]

Selection on these things sucks
All they carry is summer blockbusters and crappy B movies

Also, for the "future" these things are NOT going to be everywhere
Video on demand is here now and improving every day. Why would anyone go to a REDBOX (or blockbuster or netflix or anything else) when they can get a movie streamed over their cable box for a couple bucks? that is the future

 

[maxdemo]

Redbox began in 2002 using re-branded kiosks manufactured and operated by Silicon Valley-based DVDPlay at 140 McDonald's restaurants in their Denver test market.The first DVD rental kiosks in the Washington DC area accompanied the company's unsuccessful attempt at automated convenience store kiosks. In May 2005, Redbox phased out the DVDPlay-manufactured machines and contracted Solectron — a subsidiary of Flextronics, which also manufactures the Zune, Xbox and Xbox 360 — to create and manufacture a custom kiosk design.


The company's typical self-service vending kiosk combines an interactive touch screen and sign, a robotic disk array system and web-linked electronic communications. Kiosks hold over 600 DVDs with 70-200 titles, updated weekly. DVDs can be returned the next day to any of the company's kiosks; charges accrue up to 25 days, after which the customer then owns the DVD (without the case) and pays 25.00 plus tax. Customers can also reserve DVDs online, made possible by real-time inventory updates on the company's website.


Company information
Redbox Automated Retail LLC was initially funded by McDonald's Ventures, LLC, a wholly owned subsidiary of McDonald’s Corp., which still owns 47 percent of the company with another 47 percent of redbox owned by Coinstar.[5] Redbox Automated Retail operates independently from its headquarters in Oakbrook Terrace, Illinois, managed by a four-person board of directors — two positions appointed by Coinstar and two appointed by McDonald's Ventures.

The company passed Blockbuster Inc. in 2007 in number of U.S. locationsand passed 100 million rentals in February 2008. As of April 2007, the kiosks averaged 49.1 rentals per day and US$37,457 a year in revenue.[1] Competitors include The New Release and DVDplay.