Wednesday, September 22, 2021

REDBOX: HAS IT REACHED SATURATION?

June 19, 2014 by · Leave a Comment 

Business may appear to be brisk at those Redbox kiosks located at supermarkets, drugstores, and other businesses mostly at strip malls across the country, but that doesn’t necessarily mean that Redbox will continue to grow. As Home Media magazine’s Chris Tribbey observed on Wednesday, "With consumers’ increasing reliance on digital and with Redbox running out of new places to put its kiosks, there’s little room for the company to grow." Tribbey quoted B. Riley & Co. entertainment analyst Eric Wold as saying in a note to clients on Wednesday: "We project it might actually prove difficult for Redbox to grow revenues in the low-single digits (at best)." TheStreet.com rated shares of Redbox parent Outerwall a hold, commenting, "There is currently no conclusive evidence that warrants the purchase or sale of this stock. On Wednesday, Outerwall shares fell 6 percent following the analysts’ comments.