clock menu more-arrow no yes mobile

Filed under:

Dollar DVDs to Cripple SoCal Economy

New, 20 comments

Someone is challenging the movie industry's way of doing things and it is going to cause economic ruin! The Los Angeles County Economic Development Corporation released a study today on low-cost DVD movie rentals, and they've concluded that Redbox, which rents DVDS from vending machines for a dollar, could cost the local economy $1 billion and 9,280 jobs. ABC7 says that according to the report, "Redbox's low-cost kiosks are challenging the traditional distribution and release model of the industry, which is built upon timed, sequential release into differentiated market segments through a variety of channels." [Image via Pulse2]