Redbox Shuts Down Amid Parent Company's Bankruptcy
TL;DR Summary
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
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