Redbox looks to tackle Netflix, weighs streaming video in addition to kiosk sales

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.

For more:
- see this Bloomberg article

Related articles:
Is RedBox looking to battle Netflix in streaming video business?
Blockbuster sees customers slipping away
Blockbuster CEO rips Netflix's 'older' offerings as his company sinks
Netflix, Relativity Media sign deal to stream first-run movies
Netflix launches full streaming to Wii

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