Redbox Walmart Near Me (2024)

FAQs

Why is Redbox no longer in Walmart? ›

Redbox is no more. The DVD kiosk-rental business is shutting down after its parent company converted its bankruptcy filing to Chapter 7 liquidation. The number of Redbox kiosks had grown to about 34,000 across the US, largely located at grocery and drug stores.

Following the bankruptcy and eventual liquidation of Chicken Soup for the Soul Entertainment in 2024, the 26,000 Redbox kiosks will shut down permanently. In addition, the Redbox website and mobile app ceased functioning.

See What's At Your Nearby Kiosk

Redbox offers DVD Blu-ray™ Disc rentals through the nation's largest network of more than 34,000 conveniently located, self-service entertainment kiosks, and On Demand movies and TV shows, without a subscription.

Rent or Own on DVD, Blu-Ray, 4K, OnDemand, Free Live TV.

Those Redbox DVD kiosks will soon be going away. This follows Best Buy recently announcing the end of their DVD sales. So, where do things stand for physical media? We knew just the place to talk about it.

The number of DVD kiosks operated by the company declined from 36,000 at the time of the acquisition to 27,000 at the end of March. The pandemic-induced movie shortage, combined with a declining number of kiosks, led to continued revenue decline. Already loaded with debt, Chicken Soup quickly ran out of money.

Chicken Soup for the Soul Entertainment closed the acquisition of the struggling Redbox business in August 2020, in a deal valued at $370 million. With the acquisition, Chicken Soup for the Soul Entertainment assumed $359.9 million of Redbox's debt.

DVD rental service Redbox is set to shut down after 22 years in business, as streaming continues to dominate the at-home entertainment market. Redbox's parent company, Chicken Soup for the Soul Entertainment, changed its Chapter 11 bankruptcy case, filed last month, to a Chapter 7 liquidation case on Wednesday.

Final nail in the coffin.

The days of heading to the red kiosk to rent a DVD are ending as Redbox announced that after 22 years, it is officially shutting down. As Variety reports, Redbox's parent company, Chicken Soup for the Soul Entertainment, changed its Chapter 11 bankruptcy case to Chapter 7 yesterday.

Redbox was founded in 2002 as a McDonald's experiment and later became its own business, capitalizing on the popularity of DVDs and the convenience of its cheap rental system.

Is Redbox owned by Netflix? ›

Bill Rouhana, the CEO of Chicken Soup for the Soul, which acquired Redbox for $370 million last year, tells The Hollywood Reporter that Netflix has brushed off his attempts to purchase its DVD business “three or four times” before Netflix announced its decision to sunset the offering on Tuesday.

The parent company of Redbox, those distinctive, red-colored kiosks at grocery stores that sell or rent DVDs, has filed for bankruptcy after enduring months of financial struggle.

Redbox Promo Codes

Text VALPAK, EMAIL, FREEBIE, PUSH, MOVIE, MOVIENIGHT, MOVIE TIME, or DEAL to 727272 and you'll get back a unique code that you can use to get a free 1-night DVD rental. The code can also be used for $1.50 off a Blu-ray or game rental.

Our rental fees are charged per night: DVDs - $2.25. Blu-Ray - $2.25. 4K UHD - $2.50.

Redbox is dead. Here's what that means for employees, customers, and kiosks. Movie rental service Redbox is finally closing after its parent company announced that assets will be liquidated in Chapter 7 bankruptcy.

The company decided to make the change because they could not come up with a repayment plan to pay back their creditors. This left them no choice but to sell off their remaining assets and shut down as a company.

Its parent company, Chicken Soup for the Soul Entertainment, reported nearly $1 billion in debt. Redbox and its tens of thousands of nostalgia-laden movie-rental kiosks are shutting down, officially ending a vestige of the physical-media era.

DVD rental service Redbox is set to shut down after 22 years in business, as streaming continues to dominate the at-home entertainment market. Redbox's parent company, Chicken Soup for the Soul Entertainment, changed its Chapter 11 bankruptcy case, filed last month, to a Chapter 7 liquidation case on Wednesday.

Chicken Soup for the Soul to buy Redbox

In 2022, Oakbrook Terrace, Ill. -based Redbox was acquired by Chicken Soup for the Soul Entertainment in a $375-million all-stock deal. At the time, Redbox had 38,000 kiosks in the United States.