Redbox eyes Netflix's DVD business acquisition.
TL;DR
Redbox's parent company, Chicken Soup for the Soul, has expressed interest in acquiring Netflix's DVD rental business, but Netflix has declined the offer. After 25 years of mailing movies straight to customers' homes, Netflix will stop shipping discs from its DVD.com domain after September 29th. Redbox dominates the curbside DVD rental market with tens of thousands of red kiosks. Both Netflix and Redbox have been contending with a declining interest in DVD rentals as streaming continues to dominate at-home entertainment. Redbox CEO believes that Netflix's closure of its DVD rental service could benefit Redbox.
- Redbox wants to save Netflix's DVD business The Verge
- Netflix Is Mailing Its Last DVD. The Die-Hards Are in Mourning. The Wall Street Journal
- End of an era: Netflix DVD subscribers mourn the service's imminent demise CNN
- Opinion | As Netflix ends DVD rentals, too many movies risk being forgotten The Washington Post
- Redbox Wants to Buy Netflix’s DVD Business Cord Cutters News
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