Redbox Is Shutting Down After Over Two Decades

Now, anyone who has a rental DVD out there at this time is urged to return it as the company ends it's long run in the industry.

A once household staple that inspired many of movie nights shared some sad news Wednesday.

Redbox is shutting down after over two decades of offering DVD rentals from thousands of kiosks across the U.S..

The company’s accumulation of 24,000 DVD rental kiosks and its streaming services will no longer be operated after its parent company, Chicken Soup for the Soul Entertainment, converted its Chapter 11 bankruptcy case to a Chapter 7 liquidation proceeding.

Redbox’s business was going down hill before Chicken Soup for the Soul bought it in 2020. Its revenue peaked in 2013 at $1.97 billion. At one point the chain operated over 43,000 kiosks in the U.S. and Canada.

Now, anyone who has a rental DVD out there at this time is urged to return it as the company ends it’s long run in the industry.