 Has Redbox found the ceiling of its disc rental business? I'm Ross Miller and this is 90 seconds on the verge. Redbox has announced that it will uninstall over 500 of its movie rental kiosks. Part of the reason is logistical with over 40,000 kiosks. It's just about to run out of places to go. But it's also symptomatic of a larger issue. According to the Wall Street Journal, Redbox's overall revenue increased just 3% in 2013 and isn't likely to grow this year. Redbox was founded in 2002. The big draw has always been its iconic red kiosks found in many US supermarkets. In 2007, Redbox passed Blockbuster in sheer number of US locations. It's a key moment in both companies history. The one-two punch of Redbox kiosks and Netflix's disc by mail business in large part drove Blockbuster to bankruptcy. But there's one other big reason that led to Blockbuster's demise and it's something that Redbox should be very worried about. While DVD and Blu-ray have continued to be more profitable than their digital counterparts, growth of physical media has declined across virtually all categories, while digital media has surged. In 2008, the war between Blu-ray and HD DVD ended with Blu-ray on top, but by then consumer interest was driving towards online streaming. Netflix has over 35 million US subscribers for its ubiquitous streaming service, while its classic disc by mail business accounts for just six and a half million. Meanwhile, Redbox instant service has completely fallen flat since launching publicly last year. For more on Redbox, check out The Verge. Coming up, 8Track makes a comeback after one Brooklyn night finds a few tapes hidden in a box at a thrift shop while looking for a top hat.
 Has Redbox found the ceiling of its disc rental business?
 I'm Ross Miller and this is 90 seconds on the verge.
 Redbox has announced that it will uninstall over 500 of its movie rental kiosks.
 Part of the reason is logistical with over 40,000 kiosks. It's just about to run out of places to go.
 But it's also symptomatic of a larger issue. According to the Wall Street Journal, Redbox's overall revenue increased just 3% in 2013
 and isn't likely to grow this year.
 Redbox was founded in 2002. The big draw has always been its iconic red kiosks found in many US supermarkets.
 In 2007, Redbox passed Blockbuster in sheer number of US locations.
 It's a key moment in both companies history. The one-two punch of Redbox kiosks and Netflix's disc by mail business in large part drove Blockbuster to bankruptcy.
 But there's one other big reason that led to Blockbuster's demise and it's something that Redbox should be very worried about.
 While DVD and Blu-ray have continued to be more profitable than their digital counterparts,
 growth of physical media has declined across virtually all categories, while digital media has surged.
 In 2008, the war between Blu-ray and HD DVD ended with Blu-ray on top, but by then consumer interest was driving towards online streaming.
 Netflix has over 35 million US subscribers for its ubiquitous streaming service, while its classic disc by mail business accounts for just six and a half million.
 Meanwhile, Redbox instant service has completely fallen flat since launching publicly last year. For more on Redbox, check out The Verge.
 Coming up, 8Track makes a comeback after one Brooklyn night finds a few tapes hidden in a box at a thrift shop while looking for a top hat.