Redbox to Go Public

Video Business is reporting that DVD rental kiosk leader Redbox is going to go public later this year. This could give them the funding to expand even faster (and provide a return on the investment to McDonald's, Coinstar and others). It'll be interesting to take a look at the Redbox financials when they file to go public.

I tend to agree with Netflix CEO Reed Hastings that Redbox, with a focus on the top rentals, provides more of a concern to Blockbuster than Netflix (Blockbuster, obviously worried, is working on kiosks).