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Summary
TheRedboxservice is no more . The rental troupe , which was founded by Gregg Kaplan in 2002 , was known for its signature red kiosks find at various brick - and - howitzer locations such as market stores and convenience shop , where client could engage or leverage DVDs , Blu - Rays , and 4 K UHD discs of current physical media titles as well as video games . Other Redbox ventures included a abruptly - live streaming help , which lasted for 19 month between 2013 and 2014 , and an on - demand service that launch in 2017 .
PerVariety , Redbox is shut down . On Wednesday , the kiosk service ’s parent company Chicken Soup for the Soul Entertainment " convert its Chapter 11 failure case to a Chapter 7 liquidation proceeding . " This proceeding include the company ’s employee , which number more than 1,000 , being laid off . The company originally acquired Redbox in 2020 , taking on more than $ 350 million in debt in the process . At the time of writing , there is no Son as to exactly when the kiosks will be shut down or removed from their various locations or if another company is looking to take them over .
Where Does Physical Media Go From Here?
Redbox Was One Of The Last Robust Renters of DVDs and Blu-Rays
Although Redbox ’s profitability has been dwindling for years , it remainedone of the last bastion of physical media rentals and purchase . As DVD and Blu - Ray sections shrink in brick - and - mortar stores , cyclosis and television - on - need seem to be largely replacing physical medium . In fact , there have been several notable titles in recent years that have not received major physical media releases , including the hit2022 revulsion movieBarbarianand the Golden Globe - nominated thrillerSaltburn . This chemise has been ponder in many ways , including the lack of disc ride in many modern laptop computer computers .
Saltburnstars Barry Keoghan and Rosamund Pike were both nominated for halcyon Globes for their performances , though they lose toOppenheimer ’s Cillian Murphy andThe Holdovers ' Da’Vine Joy Randolph severally .
However , this does n’t mean that physical medium is vanishing entirely . Boutique party , for example , have continue to put out a robust choice of titles on forcible medium , with some even get 4 K restorations and a exhaustive regalia of bonus features . One of the most spectacular of these distribution recording label is The Criterion Collection , which puts out " important classical and contemporary films , " a selection that ranges wide from titles such asCitizen Kaneand the first 15Godzillamovies .
The Criterion Collection catalogue and reproduces some of cinema ’s best photographic film , but few hoi polloi know what the Criterion Collection actually is .
Other boutique physical media labels with their own niches include Shout ! mill , Vinegar Syndrome , Kino Lorber , and Arrow . All of them continuously put out arthouse , genre , and cult deed of conveyance , many of which sell worldwide . However , the demise ofRedboxand other more wide recognized distribution methods could indicate that it will become progressively unmanageable to find mainstream contemporary motion picture and telly show on physical media in the age to come .
reference : Variety
