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Redbox history
Redbox company history timeline
Originally the kiosks sold convenience store products under the name Ticktok Easy Shop, however in late 2003 McDonald's ended its use of the kiosks for these products.
Mitch Lowe joined Redbox in 2003 after spending five years as an executive at Netflix.
Instead, Gregg Kaplan decided to use the kiosks for DVD rentals which was tested in Denver in 2004.
In 2005, Coinstar bought 47% of the company for $32 million, after unsuccessful attempts to sell half the company to Blockbuster and Netflix.
In 2005, he became the Chief Operating Officer of Redbox.
Fox and Warner Bros. represented 62% of home video rental revenue in 2008–09.
Lowe was named President of Redbox in April 2009.
In October 2009, 20th Century Fox and Warner Bros. filed motions to dismiss Redbox's lawsuits against them.
In July 2010, Redbox announced that they were beginning to rent Blu-ray movies at 13,000 kiosks nationwide, and Blu-ray Discs were available across the Redbox network by the fall of 2010.
In October 2010, the company began testing video game rentals in Reno, Nevada; Orlando, Florida; Stevens Point, Wisconsin; Austin, Texas; Wilmington, North Carolina; and Corvallis, Oregon.
In June 2011, Redbox launched video game rentals nationwide.
As of Q2 2011, 68% of the United States population lived within a five-minute drive of a Redbox kiosk.
As part of the agreement, Redbox entered a supplier arrangement of purchasing product and services from NCR. On June 27, 2012, Redbox completed the purchase of Blockbuster Express on June 23.
In August 2012, Redbox's founder, Gregg Kaplan, exited Coinstar as president and COO of Redbox.
Redbox also rolled out its Rubi coffee kiosk featuring Seattle's Best Coffee in 2012 at up to 500 locations.
Still, as of 2014, Redbox represented half of the physical media rental market.
There were then 717.13 million units rented, and in 2015 the number was 587.55 million, a decline due to the increasing consumer shift from physical media to streaming and other online services.
As of July 2016, Redbox offered Xbox One and PlayStation 4 games.
In late September 2016, Outerwall CFO Galen Smith was announced as the new CEO of Redbox.
The company had approximately 40,000 kiosks in the United States as of January 2017.
The percentage of consumers renting or purchasing movies from Redbox rose in the fourth quarter of 2017 from the third quarter, according to a TiVo survey.
Redbox acquired Benjamin indie movie for a 90-day release period via its kiosks and on demand service on April 23, 2019, as a Redbox Original.
Redbox announced on December 9, 2019, that it would no longer be renting video games, and will continuing selling used video game copies through the end of the year.
Redbox Free Live TV was soft launched in early February 2020 with a nationwide launch on February 18.
On May 17, 2021, Redbox announced that it reached a definitive agreement to merge with Seaport Global Acquisition, a special-purpose acquisition company.
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Redbox competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Vudu | 2004 | - | 180 | - |
| eBay | 1995 | $10.3B | 13,300 | 208 |
| Playboy | 1964 | $185.5M | 211 | 2 |
| Meredith Corporation | 1902 | $3.0B | 7,915 | 66 |
| Iac/Interactivecorp | 1995 | $3.8B | 8,200 | - |
| Craigslist | 1995 | $694.0M | 50 | 4 |
| CollegeHumor | 1999 | $770,000 | 7 | - |
| Creative Artists Agency | 1975 | $500.0M | 1,200 | 102 |
| Hallmark Cards | 1910 | $5.0B | 30,000 | - |
| Kohl's | 1962 | $16.2B | 110,000 | 1,153 |
Redbox history FAQs
Zippia gives an in-depth look into the details of Redbox, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Redbox. The employee data is based on information from people who have self-reported their past or current employments at Redbox. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Redbox. The data presented on this page does not represent the view of Redbox and its employees or that of Zippia.
Redbox may also be known as or be related to Redbox, Redbox Automated Retail LLC, Redbox Automated Retail, LLC and Redbox Entertainment Inc.