Wednesday, June 09, 2010

Move Over Netflix There's a New Sheriff in Town

Many Americans have found dozens of ways to save money and reduce their expenses. One expense for many families is going to the movies. For a family of 4, a movie night can cost anywhere from $50-$80. Many Americans have resorted to renting DVD's instead of going to the movie theater.

Netflix has dominated the market in DVD rentals putting other retail stores out of business. Netflix has a larger inventory of movies and pays postage for each DVD rental.

A new company called Redbox owned by Coinstar has emerged to give Netflix some competition. You get a free rental when you open an account with Redbox. Redbox has over 20,000 locations nationwide where you can rent and return movies. You can rent a movie online or pick it up at a Redbox location for just $1.

There is a catch. There are limits on the number of rentals you can get at one time. If you are using a credit card for the first time you can rent 2 DVDs, existing customers can rent or purchase up to 5 DVDs.

You have to return the DVD rental by 9:00pm the same day but if you want to rent a movie longer you will pay an additional fee plus tax. The inventory of movies includes releases that are completed.

The Redbox is a tall red kiosk and can can be found at various McDonald’s restaurants as well as Wal-Mart stores, pharmacies, grocery stores, and other locations.

New DVD releases are added to the Redbox kiosks each Tuesday.
Redbox is now the largest operator of DVD rental kiosks and carries about 700 movies in each kiosk. Check out Redbox and let me know what you think.

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