Red box is killing…

Our ECONOMY

According to a study from the Los Angeles County Economic Development Corp., Redbox, which operates one dollar DVD rental kiosks, and companies like it have cost the entertainment industry $1 billion. And it’s not over: “the nationwide declines in home video revenue will cause an additional $500 million in losses as more than 9,000 related job cuts wipe out almost $400 million in wages.”

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