Woe unto poor Blockbuster, the struggling DVD retailer that has seen its one-time category-leader status eroded by online- and streaming-movie purveyor Netflix.
The latest news, and possibly the next nail that could spell its doom: Bloomberg reports that Redbox, the kiosk-happy dispenser of $1 DVDs, is contemplating bringing its own business online.
While the entry of Redbox into that market may be a tad troubling to Netflix--although with 14 million subscribers and growing--it's not much more at the moment than a burr under its corporate saddle--it's just one more drain on the (mis)fortunes of Blockbuster, which continues to close stores and recently skipped a debt payment.
Redbox President Mitch Lowe told Bloomberg that the company, which currently has some 24,000 DVD dispensers, is looking at online delivery as a way to expand its catalog and customer base.
- see this Bloomberg article
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