Redbox, the kiosk-based DVD rental unit of Outerwall, reported a 17% decline in revenue for the fourth quarter of 2015, as movie rentals dropped 24% year over year. Outerwall said Redbox’s revenue for ...
Outerwall shares are down more than 22% this morning — a loss of $286.4 million in market value — after it told investors that its Redbox kiosk DVD-rental service will fall short of Q4 financial ...
Redbox President Mark Horak is leaving the shrinking DVD kiosk business after less than two years at the helm, according to an SEC filing. He will be replaced by interim president Erik Prusch, who was ...
Things continue to get worse for Redbox parent Outerwall. The company behind the chunky vending machines that spit out DVD, Blu-ray, and video game rentals is lowering its overall outlook because its ...
In November 2007, Redbox had exciting news: Its brick-red DVD vending machines were in more locations nationwide than industry leader Blockbuster. “Redbox offers a level of service and convenience ...
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