Redbox Raising Prices

redbox 300x200 Redbox Raising PricesCoinstar, the owner of Redbox, announced that it will be raising prices to rent a standard DVD by 20 percent beginning Monday.

Coinstar announced the increase just as its earnings nearly doubled in its latest quarterly report, according to USA Today.

The new rental rate will be $1.20 per day, instead of the current $1 daily rate. Redbox prices will remained unchanged for Blu-ray discs at $1.50 per day and video games at $2 per day.

Do you think this is a wise choice following what happened when Netflix just raised prices and received all that backlash?

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