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

Yes, that’s true. Redbox, a company that revolutionized movie rental through its bright-red kiosks, is facing a severe challenge in the current digital age where streaming services like Netflix, Amazon Prime, and Disney+ dominate. The market for DVD rentals has substantially decreased as internet speeds and streaming technologies continue to improve, offering instant access to movies and TV shows.

In response, Redbox has been trying to shift its business model, not only offering physical DVD rental but also moving into the