Redbox is Testing Higher Movie Rental Prices

[Guest]

People can try to rationalize this all they want but 20% is a large increase, especially when the companies profits have doubled since the Neftlix folks like me went to Redbox because of they way we were thanked for doubling the profits at Netflix. The bottom line is movies are a luxury and raising prices in a recession is always bad business. I predict now that Redobx is making the same hairbrained mistake as Netflix (raising prices in a recession, even though their profits have doubled) that they will go the same way as Netflix and return to the obscure box at the supermarket that, for the most part, people won't patranize. Movies are still a luxury and in a recession I'll pay a buck a movie (the same way I paid less than a buck a movie with Netflix's DVD plan) but I won't pay more - especially when the company I'm patranizing is makine more money than they ever made before. Peole can blame the movie studios all they want but Redbox was obviously making money (more than in their history) with the $1 a rental price, so lets face it the cost of licensing couldn't have been all that bad. Not that the studios deserve a pass, which is why I feel they deserve all the pirating that peole are doing - heck they pay actors ridiculous salaries, rip off the general public, and then those same actors protest people on Wall Street for making a fraction of what they make. Overall, I've had it with the entertainment industry in the US and now that my Netflix alternative has gone the same route that drove me away in the first place I guess going back to cable is looking better and better.