Daily rate for Redbox DVD rentals to increase

BELLEVUE, Wash. — Shoppers that take advantage of Redbox rentals should expect to see a change in price.

Redbox's parent company Coinstar on Thursday said that the daily rate for standard DVD rentals will increase 20 cents to $1.20. Prices for Blu-ray format movie rentals and for video game rentals, however, will not change and continue to be $1.50 and $2, respectively.

"We remain committed to providing redbox consumers access to the latest movies at an incredible value," Coinstar CEO Paul Davis said. "This marks the first price increase for a Redbox standard definition DVD rental in eight years. The change is primarily due to the increase in operating expenses, including the recent increase in debit card interchange fees as a result of the Durbin Amendment."

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