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Redbox’s $1 per night DVD rentals jump to $1.20 October 31st, Blu-ray and games stay the same

Source: http://www.engadget.com/2011/10/27/redboxs-1-per-night-dvd-rentals-jump-to-1-20-october-1st-blu/

redboxmarketshareq3 Redboxs $1 per night DVD rentals jump to $1.20 October 31st, Blu ray and games stay the same

While its movie rental rivals Netflix and Blockbuster have struggled for varying reasons recently, it seemed like Redbox could be just the ticket for thrifty renters. That may be tougher now that it has announced Monday we’ll see a slight increase in pricing for DVD rentals, from $1 to $1.20, citing increased debit card fees. So far, nightly pricing for Blu-ray discs ($1.50) and videogames ($2) is staying the same, but with studios already pushing for longer rental delays, there’s fewer safe ports or those pursuing cheap, current movies. On the conference call, executives floated the idea of using the first sale doctrine to buy and rent retail discs if necessary. Overall, as seen above Redbox’s share of the disc rental market rose last quarter, while there’s still no word on plans to jump into online streaming.

Check below for parent company Coinstar’s full Q3 earnings report plus a FAQ that helpfully points out this is Redbox’s first increase in eight years and that discs reserved online will still be just $1 for the first night through November. The actual email customers are receiving is included after the break.

[Thanks to everyone who sent this in]

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Redbox’s $1 per night DVD rentals jump to $1.20 October 31st, Blu-ray and games stay the same originally appeared on Engadget on Thu, 27 Oct 2011 17:21:00 EDT. Please see our terms for use of feeds.

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