Redbox's machines take on Netflix's red envelopes

Monday, June 22, 2009

BELLEVUE, Wash. -- With more subscribers than ever flocking to its DVD-by-mail service, Netflix Inc. is one of the few companies to prosper during the worst U.S. recession in 70 years. Yet Netflix chief executive officer Reed Hastings still has something to worry about: an even cheaper DVD rental service run by one of his former lieutenants.

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