Retail Industry
Industry: Email Alert RSS FeedKiosk companies see $1 bil. or more.
Video Business, April, 2007 by Ault, Susanne
By Susanne Ault Redbox adds McDonald's markets Over the next five years, DVD kiosks could generate as much as $1 billion in revenue, representing 10% of the traditional rental market, according to a survey commissioned by kiosk firm TNR Entertainment Corp. Rival Redbox, owned by Coinstar and McDonald's, meanwhile, has even more aggressive projections, forecasting kiosk DVD rentals will expand to $3 billion in 2009.
In 2007, sources estimate, DVD rental kiosks should generate $200 million to $250 million, or about 3% of the roughly $7.5 billion DVD rental market. Now at more than 2,700 outlets, Redbox is opening up hundreds of new locations each week inside grocers and McDonald's restaurants. Starting this week, the company has...
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