Gadgetory

has Redbox found the ceiling of its dis crystal business I'm Ross Miller and this is 90 seconds on the verge red box has announced that it will install over 500 of its movie rental kiosks part of the reason is logistical with over 40,000 kiosks it's just about to run out of places to go but it's also symptomatic of a larger issue according to The Wall Street Journal red boxes overall revenue increased just 3% in 2013 and isn't likely to grow this year red box was founded in 2002 the big draw has always been an iconic red kiosks found in mini US supermarkets in 2007 red box passed Blockbuster and sheer number of US locations it's a key moment in both company's history the one-two punch of red box kiosks and Netflix discs by mail business in large part drove Blockbuster to bankruptcy but there's one other big reason that led to blockbuster survive and it's something that red box should be very worried about while DVD and blu-ray have continued to be more profitable than their digital counterparts growth of physical media has declined across virtually all categories while digital media has surged in 2008 the war between blu-ray and HD DVD ended with blu-ray on top but by then consumer interest was driving towards online streaming Netflix has over 35 million u.s. subscribers for its ubiquitous streaming service while it's classic disc by mail business accounts for just six and a half million meanwhile Redbox instant service has completely fallen flat since launching publicly last year for more on red box check out the verge coming up eight-track makes a comeback after one Brooklynite finds a few tapes hidden in a box at a thrift shop while looking for a top hat