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Redbox will be closing over 500 of its rental kiosks this year

By Lorie Wimble1 min readGoogle News

Redbox’s streak of big growth is over: the company says it plans to uninstall more than 500 of its DVD/Blu-ray rental kiosks this year. The move comes after Redbox saw its revenue increase by just 3 percent last year, and The Wall Street Journal says it’s not likely to see better results in 2014. But beyond the flat growth, Redbox seems to be running out of new spots for its signature rental machines, having already hit saturation across most major US supermarkets.

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