- Warner Bros negotiating a 28 day window for new releases before going to Redbox and Netflix. Will provide a discount rate to these vendors for doing so. Allows for the sell-through business to take off again, as stats show that 75% of just released DVDs sell in the first four weeks from street date. Others studios to follow suit.
- However, mom-and-pop video stores will still be able to rent at street date per a First Sale Doctrine clause (no 28 day wait period).
- Hollywood Video (Movie Gallery) is filing Chapter 11 again closing (40%) of its 2,700 store chain. 200 Movie Gallery/Hollywood Video stores and 680 Game Crazy locations
- Blockbuster kiosks will number 9,000 in 2010 with the addition of 1,000 locations.
- Analysts downgrading Netflix stock and recommend selling shares!
- Blockbuster performing better with a 9% surge in stock purchases.
- Wii and DSi to carry Netflix’s “watch instantly” streams to join Xbox and Playstation
I have a question - does anyone reading my blog ever use Redbox? Do you like it? Personally, I don't think it is convenient, having to go to the 7/11 two days in a row. I stopped by today to take a look and there was nothing that I wanted to see -- even for a dollar, that was worth me driving in the rain to return the next day. Please respond with your opinions...
Tracy
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