Redbox set to close as DVD market withers in streaming’s shadow

Redbox is indeed facing challenges due to streaming services, but it has yet to officially announce its complete closure. While the traditional DVD rental market is shrinking, Redbox does offer digital rentals and purchases which continue to operate as a part of their business model.

The company’s revenue is increasingly reliant on sales of new digital films rather than rentals of physical DVDs. This digital shift aligns with the trend in the wider media landscape, as streaming services like Netflix, Hulu, Disney+, and Amazon Prime Video have largely replaced traditional DVD rental services.

However, it’s important to note that Redbox, as of now, continues to maintain thousands of physical rental kiosks across the United States.

If the situation changes or there’s any official announcement, updates would usually be published on their website and other major news outlets.