236
Redbox’s owner files for bankruptcy after repeatedly missing payments and payroll
(www.theverge.com)
this post was submitted on 29 Jun 2024
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I don't doubt that rental companies have been squeezed harder and harder on licensing costs specifically to drive them out so the publisher-owned services take over
I'm not sure that was much of an issue for DVD. Historically VHS had those huge licensing terms for new releases ($90 for VHS), but the same rules didn't apply to DVD (new releases $20). This was one of the main reasons VHS rentals died so fast after DVDs came out.
Also at least at one time, I remember Redbox was simply buying DVDs at retail stores instead of buying from retail stores for their disc inventory. I see that Walmart is listed as a creditor. That makes me think perhaps Redbox still was.
I'd wager walmart is listed because they weren't paying their floor rent for all the redboxes they have at walmarts, not that they were buying DVDs there.
Thats a very good point.