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Redbox missed a multimillion-dollar payment it couldn’t afford to miss (www.theverge.com)

submitted 4 months ago by [email protected] to c/[email protected]

3 comments fedilink hide all child comments

The DVD rental kiosk company was supposed to pay $16.7 million in three installments. After missing the first payment, there’s a court order to pay the whole balance.

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[–] [email protected] 0 points 4 months ago (1 children)

Y'all are knocking redbox, and you're increasingly right for most places, but for many rural areas their internet is still very slow and/or data capped that makes video impossible

[–] [email protected] -1 points 4 months ago

You’re absolutely right about rural areas. My dad has satellite internet and it’s so slow. We get ads for satellite internet in our mail all the time. I’ve looked into them and apart from the 1-3 MBPS speeds, there’s always a data cap. If I had their internet, I’d definitely use Redbox more.