Yes, you’re correct. Redbox is reportedly closing down its remaining rental kiosks as the DVD and Blu-ray rental market continues to shrink due to the popularity and convenience of streaming services. Redbox found heavy competition with the rise of streaming giants such as Netflix, Amazon Prime, and Hulu, which offer consumers more convenience and an extensive library of content. However, Redbox’s VOD (Video-On-Demand) platform continues to operate, although it will likely face the same competitive landscape. The move reflects the changing dynamics of how consumers consume media, with digital technology transforming the industry.
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