Published at 1:30 PM on October 31, 2011

By Luke Larsen

Redbox To Raise Prices and Unveil Streaming Plans

Redbox To Raise Prices and Unveil Streaming Plans

According to The Wrap, everyone’s favorite neighborhood Blockbuster-killer now has its eye on the online streaming business. As they announced earlier this year, Redbox will unveil their online streaming plans by the end of this year.

In more pressing news, Redbox seems eager to relive the nightmare that was Netflix’s pricing change earlier this year by announcing their first price change in eight years. This weekend they announced a 20 percent increase in price, bringing up one-day DVD rentals to $1.20. Speaking of the price change, the interim president of Redbox said in the announcement that, “The new price point is the result of rising operating expenses including recent changes to debit card fees.”

The pricing change will take place starting Dec. 1.

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