Redbox Bankruptcy: The End of an Era

Thank you for watching today’s YouTube video, where I discuss Redbox, the once-popular DVD rental kiosk that is shutting down after its parent company, Chicken Soup for the Soul Entertainment, filed for bankruptcy.

Here’s a summary of my video:

The end of an era is upon us, and I can’t help but feel like we have just witnessed the portable version of Blockbuster disappear. When I read that Redbox was converting from Chapter 11 to Chapter 7 bankruptcy, I thought of Bob Dylan who famously sang, “The times they are a-changin’.” And you know what? They are!

The sixties anthem rings profoundly true today. While Dylan’s lyrics were a rallying cry for a generation grappling with social upheaval, he summarized, almost prophetically, the changes we are seeing around us. Wake up from a ten-minute power nap… Wait, when was the last time any of us had a nap? Now, there’s a winning platform for the next president!

The first order of business is signing an executive order requiring employers to give us fifteen minutes daily where we can do nothing other than nap. I’ve gone off on a tangent, but that’s what happens when you replace naps with coffee, and the caffeine wears off.

Getting back on track. You wake up from your nap or daydream, and you feel like Rip Van Winkle, where the world around you has changed so fast, at times you wonder, where was I when this happened? If you blinked and closed your eyes for too long, you probably didn’t notice that the Redbox kiosk at your favorite grocery store or pharmacy is gone.

But, what was here today is gone tomorrow. Redbox serves as the perfect example. What was once a convenient and affordable way to enjoy movies at home has been eclipsed by the rise of streaming services like Netflix and Amazon Prime Videos. Which is more convenient and more affordable. Yet, Redbox was revolutionary from a marketing and tech perspective, for a minute it seems. See what happens when you close your eyes.

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Colleges and universities can purchase my bankruptcy law textbook directly from Routledge Publishing. For paralegals and students buying single copies, you can do so via Amazon books. If you like this video, visit my YouTube channel. Archives of YouTube videos and posts can be seen via this link.