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Articles tagged with: redbox

Redbox Will Soon Carry Videogames In Over 21,000 Locations

Redbox is a popular DVD rental kiosk that is found in many grocery stores. Users walk up to the big red machine and select from a list of popular movies and new releases. Consumers pay one or two dollars, and have a DVD vended out to them. Everything is done electronically of course, and the machines accept multiple forms of payment. To return the movie, customers simply scan the receipt and/or DVD and are merrily on their way.

Dish Network Buys Blockbuster For $320 million

The Dish Network has agreed to pay $320 million for virtually all the assets of the troubled video chain, which filed for Chapter 11 bankruptcy protection in September. With a winning bid at a bankruptcy auction, the Dish Network bought Blockbuster, according to an announcement made this morning. Dish will like take advantage of Blockbuster’s online streaming and movie rentals service.

Dish beat out billionaire investor Carl Icahn and a group of debt holders for the Dallas movie-rental chain.