Was tempted to write this as a “because Bidenomics” satirical article, but the story’s stupid and kind of sad enough on its own: Redbox is shutting down all 24,000 of its DVD rental kiosks and going out of business completely, with all 1,000 or so remaining employees laid off without any severance, benefits, or even the last few weeks of salary as owner Chicken Soup for the Soul Entertainment was unable to come up with a repayment plan for creditors, NBC News reports.
First off, lol at the “Chicken Soup for the Soul Entertainment,” because who was actually aware that fucking brand still existed. Safe bet that their incompetence was a major factor here as, in spite of the real decline of physical media outside of millennial dorks reviving vinyl, there absolutely still would have been a market to be found even if they had to downscale dramatically.
Millions of Americans live in rural areas without access to broadband good enough to stream movies and there are no doubt at least maybe a couple of thousand RedBoxes out there that pulled in just as much revenue as they did in 2009. And that’s just for movies. More urban locations could have shifted to video games as there’s no way to simply rent new releases these days. Now it probably wouldn’t have been sustainable in a decade but it absolutely would have bought time to wind down properly, unlike these Chicken Soup dipshits who are stiffing their workers out of their salary.