Redbox is the last nationwide optical disc rental place that might soon be shut down

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If consumers in the USA lose the rental market for physical media it will lead to in a few years most likely the end of brand new releases on optical media like DVD, Blu-ray, and 4K Blu-ray. Everyone should try and rent a 4K Blu-ray or Blu-ray at their local REDBOX in order to try and save physical media.

https://www.redbox.com/

Physical optical disc media cannot survive without a rental option. Streaming movies, Kaleidescape download movies, cable TV, and satellite TV all offer both rental options and purchase options for movies. That has been true for all optical movie media formats starting with Laserdisc back in 1978 and growing nationwide in the 1980’s and 1990’s, then in 1997 DVD came along and Blu-ray in 2006 (2016 4K Blu-ray).

REDBOX is the last nationwide renter of 4K Blu-ray discs for $2.50 a night, and $2.25 a night for 2K Blu-ray and $2.25 a night for 480i DVD discs. However, the over 40,000 REDBOX locations nationwide are in danger of possible being shut down since the company might be forced to file bankruptcy.

The average consumer lives around 5 to 10 minutes from their closes REDBOX automated machine that holds around 700+ rental movies and 1,400+ rental movies for locations that have more then one machine. But soon unless someone steps in to save the Blu-ray and DVD rental business, being able to rent a movie on optical disc nationwide might cease to exist.

Quote

“Chicken Soup for the Soul Entertainment’s late 2023 10-K filing with the Securities and Exchange Commission served as a stark revelation of the company’s deepening financial troubles. The reported net loss of $636.6 million for the year, a sharp escalation from the $111.2 million loss in 2022, painted a bleak picture of Chicken Soup’s fiscal health. This significant downturn prompted the company to issue a dire warning in its filing: without securing additional financing, Chicken Soup faced the prospect of scaling back or even ceasing its operations, potentially necessitating recourse to bankruptcy laws for protection.”

https://theubj.com/business/chicken-...-to-investors/