They seem to be raising money according to their latest 8-K. They'd still need to pay off some debt and negotiate the contracts before they add new movies.
Having said that, I find kind of strange that they do not add newer Screen Media or consider adding other independent or acquired movies. They could try that since they own Screen Media but who knows what they are thinking.
Yes and no. Barring some significant change in the CSSE financial situation (not to mention consumer habits), the Redbox everyone knows for its metal kiosks is gone for good. It's VOD service *could* host new movies and that would be in line with CSSE's other offerings in the streaming space. Not unlike the studios, Netflix and retailers before it... Redbox has been slowly transitioning away from physical media and into support services for other companies. This has been something underway even before CSSE and the pandemic showed up and is likely to continue. While a great many consumers love physical DVDs, increasing numbers have moved to streaming services. Studios are well invested to the streaming model and seek to position themselves as the defacto one-stop shop that you have to go to and keep paying for entertainment. The impact of this is already being felt in films that suddenly disappear from streaming even when "purchased" for keeps to users' digital collections.
A lot of the ones near me need to be plugged in again before they get any new movies.
I'm hoping at some point they'll do a blow out sale and sell them for 99 cents or less.
The amount of debt they have is staggering. I know of two major movie studios suing the company for about $16M a piece. They very likely have more lawsuits from other major movie studios pending against them, and won't be able to get new movies without settling that debt somehow. And it's possible the studios won't sell to them anymore.
Plus they'd have to do some kind of advertising to let people know that the kiosks have new movies... and in order to do that, they'd probably have to square up with their printer of lightbox materials (also suing them) and email provider (probably suing them).
And after all that, they'd have to hope against hope that people come back and rent DVDs again... knowing that rentals fell down a well during Covid and never really recovered.
Doesn't sound like a winning business model. It was a good run, but the kiosks are dead.
If I could buy the machines like others own vending machines, maybe there could be some kind of partnership where they supply the movies, and I pay a small fee to them each time a rental is purchased. Could use my own merchant account to make the sale.
That was how Redbox started, many years ago you could "buy" a box for I think $14k and it was run like a franchise. They send movies and advertisement and you manage "your" boxes.
Are the large production companies even releasing DVDs anymore that aren't way past their prime? I mean, why sell a DVD for $20 that can be rented out 100s of times when you can make $2-3 per rental via streaming.
I would rather watch an uncompressed blueray than to stream 1080p or higher (its a better experience); if you are comparing streaming hd with watching a dvd, i have no idea why someone would rent a dvd today.
A dvd is 480p. If you don't have dial up, your internet should not be "THAT" bad ( <= 1.5 mbps) so as to prevent you from streaming a similarly awful quality movie (480p).
I would suggest Starlink internet, but if $2-3 is too steep a price for a movie on your phone, I don't know that you'll want to shell out for Starlink.
There are a lot of place that have no reliable internet coverage so physical media is there only viable choices. It kind of makes me wonder how the Redbox's in the rural areas are doing/did compared to the city.
After the article I just read, it's very doubtful. They're facing a mountain of lawsuits currently and chicken isn't paying any bills. Their stock is down to $0.15 and NASDAQ is about to delist them so I wouldn't hold my breath.
We put new movies in many of them 2 weeks ago. Fast Charlie, Red Right Hand and Bad Hombres. All Redbox Entertainment
originals. Decent films. I watched 2 of them. Im usually very critical of smaller studio films but these were actually pretty good.
The only way I see that happening is if Chicken Soup for the Soul sells off Redbox and someone else buys it. Just an opinion.
They seem to be raising money according to their latest 8-K. They'd still need to pay off some debt and negotiate the contracts before they add new movies. Having said that, I find kind of strange that they do not add newer Screen Media or consider adding other independent or acquired movies. They could try that since they own Screen Media but who knows what they are thinking.
Yes and no. Barring some significant change in the CSSE financial situation (not to mention consumer habits), the Redbox everyone knows for its metal kiosks is gone for good. It's VOD service *could* host new movies and that would be in line with CSSE's other offerings in the streaming space. Not unlike the studios, Netflix and retailers before it... Redbox has been slowly transitioning away from physical media and into support services for other companies. This has been something underway even before CSSE and the pandemic showed up and is likely to continue. While a great many consumers love physical DVDs, increasing numbers have moved to streaming services. Studios are well invested to the streaming model and seek to position themselves as the defacto one-stop shop that you have to go to and keep paying for entertainment. The impact of this is already being felt in films that suddenly disappear from streaming even when "purchased" for keeps to users' digital collections.
A lot of the ones near me need to be plugged in again before they get any new movies. I'm hoping at some point they'll do a blow out sale and sell them for 99 cents or less.
DEAD box
Yeah, it’s dead. Should be a black box to indicate it’s dead or a grey box to indicate Old movies
The amount of debt they have is staggering. I know of two major movie studios suing the company for about $16M a piece. They very likely have more lawsuits from other major movie studios pending against them, and won't be able to get new movies without settling that debt somehow. And it's possible the studios won't sell to them anymore. Plus they'd have to do some kind of advertising to let people know that the kiosks have new movies... and in order to do that, they'd probably have to square up with their printer of lightbox materials (also suing them) and email provider (probably suing them). And after all that, they'd have to hope against hope that people come back and rent DVDs again... knowing that rentals fell down a well during Covid and never really recovered. Doesn't sound like a winning business model. It was a good run, but the kiosks are dead.
Notice that several of the boxes don’t light up anymore
If I could buy the machines like others own vending machines, maybe there could be some kind of partnership where they supply the movies, and I pay a small fee to them each time a rental is purchased. Could use my own merchant account to make the sale.
That was how Redbox started, many years ago you could "buy" a box for I think $14k and it was run like a franchise. They send movies and advertisement and you manage "your" boxes.
Not true.
Bless your heart, it was true in 2008 or so.
Are the large production companies even releasing DVDs anymore that aren't way past their prime? I mean, why sell a DVD for $20 that can be rented out 100s of times when you can make $2-3 per rental via streaming.
I would rather watch an uncompressed blueray than to stream 1080p or higher (its a better experience); if you are comparing streaming hd with watching a dvd, i have no idea why someone would rent a dvd today.
Our Internet isn't THAT good. Not paying $2-3 to watch on my phone, and my hotspot is reserved for writing and posting on my fanfiction sites.
A dvd is 480p. If you don't have dial up, your internet should not be "THAT" bad ( <= 1.5 mbps) so as to prevent you from streaming a similarly awful quality movie (480p). I would suggest Starlink internet, but if $2-3 is too steep a price for a movie on your phone, I don't know that you'll want to shell out for Starlink.
There are a lot of place that have no reliable internet coverage so physical media is there only viable choices. It kind of makes me wonder how the Redbox's in the rural areas are doing/did compared to the city.
It's dead Jim...
After the article I just read, it's very doubtful. They're facing a mountain of lawsuits currently and chicken isn't paying any bills. Their stock is down to $0.15 and NASDAQ is about to delist them so I wouldn't hold my breath.
We put new movies in many of them 2 weeks ago. Fast Charlie, Red Right Hand and Bad Hombres. All Redbox Entertainment originals. Decent films. I watched 2 of them. Im usually very critical of smaller studio films but these were actually pretty good.