Redbox raising price on DVDs
#1
DVD Talk Special Edition
Thread Starter
Join Date: May 1999
Location: Virginia Beach
Posts: 1,606
Likes: 0
Received 0 Likes
on
0 Posts
Redbox raising price on DVDs
Just received their email:
http://www.redbox.com/pricechange
New Daily DVD Rental Price
Redbox is making an announcement about its prices today, and we want to make sure that you hear it from us first.
Starting on Monday, October 31, the daily rental charge for DVDs will change to $1.20 a day.* The price change is due to rising operating expenses, including new increases in debit card fees. Daily rental charges for Blu-ray™ Discs and video games won't change.** Additional-day charges for DVDs rented before 10/31 won't be affected, either.
In order to make the transition easier, Redbox will discount the first day of all online DVD rentals to $1.00 from 10/31 through 11/30. Additional rental days will be $1.20.***
If you have any questions, please visit redbox.com/pricechange. There, we've provided additional information.
This marks our first price change in more than eight years as we work hard to keep prices low for our customers.
Thank you,
Redbox
*Daily rental charge will be $1.27 in Maryland.
**Maryland pricing for Blu-ray and games: $1.59 a day for Blu-ray; $2.12 a day for games.
***Maryland pricing for online reservations: $1.00 the first day, $1.27 for additional days. May not combine offers. Normal rental fees apply after first day.
http://www.redbox.com/pricechange
New Daily DVD Rental Price
Redbox is making an announcement about its prices today, and we want to make sure that you hear it from us first.
Starting on Monday, October 31, the daily rental charge for DVDs will change to $1.20 a day.* The price change is due to rising operating expenses, including new increases in debit card fees. Daily rental charges for Blu-ray™ Discs and video games won't change.** Additional-day charges for DVDs rented before 10/31 won't be affected, either.
In order to make the transition easier, Redbox will discount the first day of all online DVD rentals to $1.00 from 10/31 through 11/30. Additional rental days will be $1.20.***
If you have any questions, please visit redbox.com/pricechange. There, we've provided additional information.
This marks our first price change in more than eight years as we work hard to keep prices low for our customers.
Thank you,
Redbox
*Daily rental charge will be $1.27 in Maryland.
**Maryland pricing for Blu-ray and games: $1.59 a day for Blu-ray; $2.12 a day for games.
***Maryland pricing for online reservations: $1.00 the first day, $1.27 for additional days. May not combine offers. Normal rental fees apply after first day.
Last edited by AJW; 10-27-11 at 04:12 PM. Reason: Added link
#3
DVD Talk Platinum Edition
Re: Redbox raising price on DVDs
*Daily rental charge will be $1.27 in Maryland.
**Maryland pricing for Blu-ray and games: $1.59 a day for Blu-ray; $2.12 a day for games.
***Maryland pricing for online reservations: $1.00 the first day, $1.27 for additional days. May not combine offers. Normal rental fees apply after first day.
**Maryland pricing for Blu-ray and games: $1.59 a day for Blu-ray; $2.12 a day for games.
***Maryland pricing for online reservations: $1.00 the first day, $1.27 for additional days. May not combine offers. Normal rental fees apply after first day.
#5
DVD Talk Hero
Re: Redbox raising price on DVDs
Hope everyone flips shit over this 20% price increase like they did with Netflix's "massive" spike.
#6
#7
Senior Member
Join Date: Jan 2008
Location: Carson City, NV
Posts: 372
Likes: 0
Received 0 Likes
on
0 Posts
Re: Redbox raising price on DVDs
I would have raised the fee to $1.50 for the first day
and 50 cents for each additional day. Offer a discount
with the price increase.
(Not that I know anything about the video rental business
or the habits of Redbox renters).
I did read that they tested the price increase in a few select
cities and it did not lead to a decline in rentals.
and 50 cents for each additional day. Offer a discount
with the price increase.
(Not that I know anything about the video rental business
or the habits of Redbox renters).
I did read that they tested the price increase in a few select
cities and it did not lead to a decline in rentals.
#8
Banned
Re: Redbox raising price on DVDs
My renting habits with Redbox won't change, I usually only rent when they send the promo codes good for one free rental. That's about how often my nearest kiosk has something in-stock that I want to see...
#10
Re: Redbox raising price on DVDs
I agree. Most will see it as 20 cents. Not 20 cents times 5 or 10 DVDs.
#11
Re: Redbox raising price on DVDs
I've mostly only used free codes from them and Blockbuster Express. I get so many of the codes, I haven't paid for any from the machines in months.
#12
DVD Talk Special Edition
Join Date: Jun 2003
Posts: 1,193
Likes: 0
Received 0 Likes
on
0 Posts
Re: Redbox raising price on DVDs
Just received their email:
http://www.redbox.com/pricechange
The price change is due to rising operating expenses, including new increases in debit card fees.
http://www.redbox.com/pricechange
The price change is due to rising operating expenses, including new increases in debit card fees.
So with this price increase and LESS debit fees, Redbox will be making more money per rental. I think 1.20 is still a hell of a great price, they should just shouldn't lie about why they are raising prices.
#13
Needs to contact an admin about multiple accounts
Re: Redbox raising price on DVDs
Huh? Unless I'm missing something I thought stores now pay less for debit card use? It's the reason why banks are bringing out fees to the customers.
So with this price increase and LESS debit fees, Redbox will be making more money per rental. I think 1.20 is still a hell of a great price, they should just shouldn't lie about why they are raising prices.
So with this price increase and LESS debit fees, Redbox will be making more money per rental. I think 1.20 is still a hell of a great price, they should just shouldn't lie about why they are raising prices.
#14
DVD Talk Hall of Fame
Re: Redbox raising price on DVDs
http://news.cnet.com/8301-13506_3-20...ncol;cnetRiver
Wedbush analyst Michael Pachter expanded upon Davis' explanation in a research note today, saying that as of October 1, Redbox was forced to "pay Visa and MasterCard roughly 23 cents per debit card transaction, instead of an estimated 6 cents per transaction previously, representing a 17-cent increase over the prior rate."
#15
DVD Talk Hero
Join Date: Aug 1999
Location: Not necessarily Formerly known as Solid Snake
Posts: 30,459
Received 1,356 Likes
on
928 Posts
Re: Redbox raising price on DVDs
Does anybody else find it odd they are specifically calling it "DEBIT card fees?"
Redbox doesn't process DEBIT transactions (requiring a PIN).
Redbox doesn't process DEBIT transactions (requiring a PIN).
#16
DVD Talk Special Edition
Join Date: Jun 2003
Posts: 1,193
Likes: 0
Received 0 Likes
on
0 Posts
Re: Redbox raising price on DVDs
Wow, ok, that makes sense then. An extra 17 cents per rental would really dig into their profits I think. I wonder how credit card companies are getting away with jacking up transaction fees while the banks were forced to lower theirs? $1.20 it is then, are Blu's going up as well?
#17
Re: Redbox raising price on DVDs
Wow, ok, that makes sense then. An extra 17 cents per rental would really dig into their profits I think. I wonder how credit card companies are getting away with jacking up transaction fees while the banks were forced to lower theirs? $1.20 it is then, are Blu's going up as well?
I do not think the credit card transaction fees are going up, just the ones for using the Mastercard/Visa debit cards. Now, how they know it's a debit card when it runs through like a credit card I don't know. Before I cancelled my Suntrust bank account over debit card fees, they told me we get the monthly fee if we use the debit card to make a purchase at all, no matter how it gets run through.
Got to love that Durbin Amendment, we're getting hit from all sides.