Redbox Raises Prices As It Battles Netflix, Lack Of Growth
Redbox announced new prices for rentals, which, while it may be an unpopular move with customers, gave investors reason to celebrate.By Ben Lawson | November 24, 2014
On Monday, Redbox, one of the few remaining places you can actually rent a real-life DVD, announced it will raise its prices — always a contentious move.
Per-night rentals for DVDs will go from $1.20 to $1.50, Blu-rays from $1.50 to $2.00 and video games saw the greatest increase from $2.00 to $3.00.
You might remember the backlash when Netflix announced its price increase that went into effect this year, so it's no surprise to see the media predicting doom and gloom for Redbox.