Redbox

Infobox_Company
company_name = Redbox Automated Retail, LLC
company_
company_type = Subsidiary of both Coinstar and McDonalds
company_slogan =
foundation = 2003
location = Oakbrook Terrace, Illinois
key_people = Gregg Kaplan, CEO
Mitch Lowe, COO
John Harvey, CFO
industry = Retail/DVD rental
revenue =

:otheruses|Red box

Redbox rents DVDs via self-service or interactive kiosks located across the United States in locations such as McDonald's, where it began — as well as other retail, pharmacy and grocery store locations across the United States.

Entertainment Merchants Association ranked the company as the fifth largest DVD rental company in the United States.cite web
title=Redbox Finds Its Niche Focus on DVDs, Grocery Locations Fuel Growth
publisher = Washington Post, Ylan Q. Mui, April 28, 2007 | url = http://www.washingtonpost.com/wp-dyn/content/article/2007/04/27/AR2007042702295.html?nav=emailpage]

Kiosk design and operation

Redbox began in 2002cite web
title=Coinstar buys 47.3% stake in Redbox
publisher = Retailnet.com, Drug Store News, Friday, November 18, 2005
url = http://www.retailnet.com/story.cfm?ID=25315] using re-branded kiosks manufactured and operated by Silicon Valley-based DVDPlay at 140 McDonald's restaurants in their Denver test market. The first DVD rental kiosks in the Washington DC area accompanied the company's unsuccessful attempt at automated convenience store kiosks. In May 2005, Redbox phased out the DVDPlay-manufactured machines and contracted Solectron — a subsidiary of Flextronics, which also manufactures the Zune, Xbox and Xbox 360 — to create and manufacture a custom kiosk design.cite web
title=McDonald’s Orders More McDVD
publisher = Home Media Magazine, Holly J. Wagner, May 2, 2005
url = http://www.videostoremag.com/news/html/breaking_article.cfm?article_id=7467 ]
The company's typical self-service vending kiosk combines an interactive touch screen and sign, a robotic disk array systemcite web
title=SSKA's official show wraps up in Orlando
publisher = Kiosks.org, 20 Feb 2006
url = http://www.kiosks.org/article_1399_23.php] and web-linked electronic communications. Kiosks hold over 600 DVDs with 70-200 titles, updated weekly. DVDs can be returned the next day to any of the company's kiosks; charges accrue up to 25 days, after which the customer then owns the DVD (without the case) and pays $25.00 plus tax. Customers can also reserve DVDs online, made possible by real-time inventory updates on the company's website.cite web
title=Rise of redbox
publisher = Selfserviceworld.com, Bill Yackey,20 Aug 2007
url = http://www.selfserviceworld.com/article.php?id=18316] .

Company information

Redbox Automated Retail LLC was initially funded by McDonald's Ventures, LLC, a wholly owned subsidiary of McDonald’s Corp., which still owns 47 percent of the company with another 47 percent of redbox owned by Coinstar. Redbox Automated Retail operates independently from its headquarters in Oakbrook Terrace, Illinois, managed by a four-person board of directors — two positions appointed by Coinstar and two appointed by McDonald's Ventures.

The company passed Blockbuster Inc. in 2007 in number of U.S. locationscite web
title = Redbox surpasses Blockbuster in number of U.S. locations
publisher = Kioskmarketplace.com, 26 Nov 2007
url = http://www.kioskmarketplace.com/article.php?id=18858&na=1] and passed 100 million rentals in February 2008.cite web
title=Redbox surpasses 100 million DVD rentalsRedbox surpasses Blockbuster in number of U.S. locations
publisher = Kioskmarketplace.com, Feb 2008
url = http://www.kioskmarketplace.com/article.php?id=19242&na=1] As of April 2007, each kiosk averaged 49.1 rentals per day and US$37,457 a year in revenue. Competitors include The New Release and DVDplay.

ee also

*Online DVD rental
*Video store

References

External links

* [http://www.redbox.com/ Official website]