Bringing to Australia Next. Background Progression Competitors Advantages Plan for expansion into Australia Click on any of these links to be taken to.

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Presentation transcript:

Bringing to Australia Next

Background Progression Competitors Advantages Plan for expansion into Australia Click on any of these links to be taken to that page!

 Founded in 2002 by Greg Kaplan  Currently a subsidiary of Coinstar Holds a 51% share as of 2008  Has over a one-third market share  Offers new release movies (including Blu-ray) and video games via kiosks  Over 42,000 kiosks at more than 34,000 location (as of November 2012) Click this button at any point throughout the presentation to return to the Table of Contents

 Began by offering basic groceries in kiosks but switched to only DVDs within the first year  Bought Blockbuster Express in February 2012 for $100 million  Recently teamed up with Verizon to begin offering live streaming services  Averages 55 million rentals a month  68% of Americans live within 5 minutes of a Redbox kiosk  Experimenting with offering tickets to live events

There are very few direct competitors Each of these companies offer some type of movie service Click on any of these logos to be directed to that company’s website

 Convenient Kiosks are located in high traffic places where people tend to shop  Cheap prices Movies can be rented for $1 per day with slightly higher prices for Blu-ray and video games  Easy to use The touch screen system can be used by anyone and movie can be reserved ahead of time over the internet

Tech Environment Pricing StrategyPromotion Distribution Click on these links to explore our plan! Want more info on Redbox?

 Recently ranked 10 th most up-to-date country when it comes to technology  Very similar to the United States which would mean very little changes needed for the kiosks  Strong entertainment industry Back to expansion plan

 Keep prices similar to that of the United States Around AUD $1 per day  At this price, Redbox will still be cheaper than competitors  The majority of revenue is made from late fees Back to expansion plan

 Establish a relationship with a major store chain such as Woolworths Woolworths is a supermarket chain that is well known throughout Australia with many locations  Strategically place kiosks at entrances or exits of these locations Back to expansion plan Click here to explore Woolworths stores!

 Banners and signs placed close to kiosks  Flyers to be inserted into supermarket coupon books and printouts  Become a sponsor of major events such as film and music festivals  Celebrity endorsements from well known Australian actors and actresses Hugh Jackman Back to expansion plan

 Click on the link below to explore the Redbox website Click here! Back to expansion plan