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October 28, 2011 02:47 am GMT
This will not end well. Redbox, in position to be the cheap, local, easy alternative to the confusing, troublesome Netflix, has decided to raise its rates to $1.20 per day. I guess they wanted a piece of Netflix's humble pie.Coinstar, the company that owns the Redbox brand and boxes, explained it this way: "The change is primarily due to the increase in operating expenses, including the recent increase in debit card interchange fees as a result of the Durbin Amendment." And naturally, that cost should be passed right back onto their loyal customers.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YGEw7m-LuyM/
Redbox Raises Price On Rentals To $1.20
This will not end well. Redbox, in position to be the cheap, local, easy alternative to the confusing, troublesome Netflix, has decided to raise its rates to $1.20 per day. I guess they wanted a piece of Netflix's humble pie.Coinstar, the company that owns the Redbox brand and boxes, explained it this way: "The change is primarily due to the increase in operating expenses, including the recent increase in debit card interchange fees as a result of the Durbin Amendment." And naturally, that cost should be passed right back onto their loyal customers.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YGEw7m-LuyM/
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