Welcome to The CITE -- a blog on Course materials, Innovation, and Technology in Education, created by Mark Nelson and now part of the Publications Department of the National Association of College Stores. CITE is a pun with multiple meanings - referring to cite as in citation, something people reference; site as in location, website, or place people go to; and sight as in foresight or looking ahead to what is coming. Comments, discussion, feedback and ideas are welcome.
Thursday, May 7, 2009
Movie rental kiosks on the rise
An article from The Dallas Morning News reports that Blockbuster plans to roll out 10,000 Blockbuster Express video machines nationwide by the end of the year. This move will put Blockbuster in direct competition with industry leader, Redbox, which currently operates more than 14,000 DVD rental kiosks at major chain stores. Blockbuster chief executive, Jim Keyes hopes that the business evolves into digital download kiosks rather than dispensing physical copies stored in the machine. Additionally, although Netflix posted positive profits for its first quarter, Netflix CEO Reed Hastings is concerned about the competition from kiosks. Hastings said that many customers cite the kiosks $1 a day new releases as their reason for canceling their subscriptions. However, new releases only account for one third of Netflix’s total rentals so kiosks can only compete to that extent for the time being.