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Overview
Redbox (RDBX) is known for their bright red DVD rental kiosks. They place them in busy retail locations to offer a selection of DVDs that can be rented for a few dollars.
They
Redbox Shares Might Be Going To Zero
Summary
- Redbox shares have plummeted after going public via a SPAC several months ago.
- The DVD rental business is becoming irrelevant with new titles made available online and through streaming services.
- Their attempts to expand into digital distribution are undifferentiated and unlikely to ever make a meaningful profit.
- With $350M in debt and a shrinking business, there's no reason to expect a turnaround.
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