In 2002, Red box launched in hopes of making a splash among movie rentals and it did. However, after 22 years the service is shutting down entirely.
The Lowdown
According to reports, initially the service was set to go into Ch 11 proceedings although that has since changed to Ch 7 meaning all locations and services will cease to exist.
In the age of digital streaming and other, Redbox simply fell behind the times as many do not own a DVD player anymore.