Blu-ray & Video Games coming to RedBox?

[MountainDewMe]

Originally Posted by HighDefDigest

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.

Link:http://www.highdefdigest.com/news/sh...or_Redbox/3200

[Ashamed Pegasus]

I thought Redbox already carries BD's?...

[MountainDewMe]

Originally Posted by Ashamed Pegasus

I thought Redbox already carries BD's?...

No, you can only rent & buy used DVDs.

[Ashamed Pegasus]

Originally Posted by MountainDewMe

No, you can only rent & buy used DVDs.

Perhaps it's not available nationally yet but there are members here who have seen and rented BD's from their local Redbox for the same $1 it cost to rent a DVD... I guess they started testing certain areas before announcing they would carry them...

[neos_peace]

I know Id be up for that. I rent from them periodically.