Redbox wants to give Netflix’s DVD business a second chance at life, but Netflix isn’t budging. this According to a report from Hollywood Reporter (via the next), which indicates that Redbox’s parent company has already expressed interest in acquiring Netflix’s DVD business, but has been rejected by the streaming device several times.
After 25 years of mailing movies directly to customers’ homes, Netflix will stop shipping discs from its DVD.com domain after September 29th. Netflix source tells us Hollywood Reporter that it is only winding up its DVD business, not selling it, indicating there are no plans to let another company acquire it. But even if Netflix doesn’t plan to sell its DVD rental service to anyone, Rouhana thinks closing it could benefit Redbox.
“This can be a huge boon for us because now there is a whole bunch of people who are going to be looking for a new place to get their DVDs, and we’re close to 90 percent of them based on where our booths are located,” Rouhana says. Hollywood Reporter. Netflix declined to comment on the situation. Redbox did not immediately respond the edgeComment request.
“We believe in it, and we think it’s going to be around for a while,” Rouhana says. Hollywood Reporter. “Like most old things, it’s a lot harder to kill than people say, I guess,” he adds.
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