29 October 2008

Studio makes Redbox an offer it can't refuse, Redbox sues

Note: Walking out of the grocery store, I now understand the impact of Redbox. I myself have never used it...but the line that day (5pm) was about 15 people and winding out the door at the supermarket. I thought to myself: That company is making a mark. Read below for more proof.-COUniversal Studios is facing a lawsuit from DVD rental kiosk company Redbox over a predatory revenue sharing agreement. Universal has threatened to cut off Redbox's suppliers if the rental company refuses to stop selling used movies and give the film company 40 percent of its revenue.

read more | digg story
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