Redbox Shuts Down Amid Parent Company's Bankruptcy
TL;DR
The decline in DVD and Blu-ray sales continues as streaming becomes more popular, leading companies like Redbox and Best Buy to reduce or eliminate their physical media offerings. A survey shows only 26.6% of people still buy new DVDs and Blu-rays, raising doubts about the future availability of new physical media.
- DVDs & Blu-rays Are Dying as Most Americans No Longer Buy Them Cord Cutters News
- RIP Redbox, a Bad Idea at the Worst Time WIRED
- Distressed retail brand shuts down, files Chapter 7 bankruptcy TheStreet
- RIP Redbox: DVD Kiosk-Rental Business Is Shutting Down With Parent’s Bankruptcy Liquidation Variety
- Redbox shutting down 24K kiosks, over 1,000 workers haven’t been paid over parent company’s bankruptcy filing New York Post
Want the full story? Read the original reporting
Read on Cord Cutters News