The Slow Death of Redbox: Why the Kiosk Colossus Is the Next Blockbuster

Redbox’s revenue for the fourth quarter of 2015 dropped 17%, to $407 million, as movie rentals plunged 24% year over year. For 2016, Outerwall expects Redbox rentals to decline 15%-20%, and the company plans to remove up to 2,000 underperforming kiosks after ending last year with 40,480. […] despite lower sales, Redbox posted an operating profit of $255.9 million for full-year 2015. The unit’s operating margin was 14.5% last year — up from 13.6% the year earlier and 13.1% in 2013. – Todd Spangler, Variety