Oakbrook Terrace, Illinois-based Redbox has been growing fast thanks to convenience, low pricing and the decline of traditional video rental shops.
Each fully automated redbox kiosk holds about 700 DVDs, including 200 of the newest movie releases. Consumers use a touch screen to select their favorite movies, swipe a valid credit or debit card and off they go. The complete rental transaction takes about a minute.
Customers can keep the DVD for as long as they’d like for $1 per night plus tax, and return it to any one of Redbox’s 12,000 locations nationwide such as McDonald’s restaurants, Wal-Mart and Walgreens stores. After 25 nights, rental charges cease and the DVD is the customer’s to keep.
Redbox has eight patents today, they are listed here.
U.S. Patent 7234609 appears to be one of their foundational IP pillars. Issued 6/26/2007, it's titled Article dispensing system and method for same:
An article dispensing machine and article transport storage unit are shown that permit articles slated for inventory to be delivered in secure manner from a centralized inventory supply center to an article dispensing machine forming part of an article distribution system. The article transport storage unit is locked during transport from the supply center to the machine and does not become unlocked until fully installed within the machine.
Redbox: delivering convenience to a convenience-obsessed America.
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