Redbox Officially Shutting Down

The parent company of DVD kiosk-rental business Redbox is shutting down in bankruptcy. The company launched in 2002, and peaked in 2013 with nearly $2 billion in revenue. Now, the 24,000 DVD kiosks are closing as streaming continues its dominance.

Read more here! ign.com

Photo: Colleen Michaels / iStock Editorial / Getty Images


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