Dollar-DVD Kiosks Are Killing Hollywood


According to a study from the Los Angeles County Economic Development Corp., Redbox, which operates one-dollar-DVD rental kiosks, and companies like it, have cost the entertainment industry $1 billion. And it's not over: "the nationwide declines in home video revenue will cause an additional $500 million in losses as more than 9,000 related job cuts wipe out almost $400 million in wages." [HR]