Redbox chief defends model against Hollywood critics

11/30/2009 | Wall Street Journal, The

Redbox President Mitch Lowe says his business is not a threat to Hollywood studios, some of which claim the company's low-cost DVD rentals are cutting into their profits. Redbox reported nearly $200 million in revenue last quarter from its roughly 21,000 kiosks offering DVD rentals for $1 per day.

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