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Redbox Explosion: Movies and Shakers

Redbox Explosion: Movies and Shakers

Swiftly growing Mint.com lures potential customers into its jaws with nifty charts like this one: where do people spend money on movies? The answer: Redbox is exploding.

If the studios rely on their share of DVD sales for their survival, it makes sense that the ones resisting Redbox are not just being greedy if they want to stave off a huge slash in their annual income. The obvious solution –which I predict will come sooner rather than later –is that a studio will buy Redbox. The Wrap’s Michael Speier explores what’s at stake. Homevideo wonk Diane Garrett is also tracking this huge developing story.

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