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By Jennifer Calfas
May 23, 2017
A Redbox video games rental kiosk is demonstrated before the opening the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Tuesday, June 16, 2015.
A Redbox video games rental kiosk is demonstrated before the opening the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Tuesday, June 16, 2015.
Bloomberg, Bloomberg via Getty Images

Customers can get their hands on the latest Warner Bros. films at Redbox, the low-cost movie and video game rental company, sooner than before.

The $1.50-a-night rental company announced its agreement with the largest industry’s movie studio Monday to rent out new films on DVD and Blu-ray discs seven days after they become available for purchase.

The company previously released Warner Bros. films for rent 28 days after they were made available for purchase, the Wall Street Journal reported. Redbox still has its same distribution policy with Universal Pictures and Twentieth Century Fox, which are both released after 28 days.

The new agreement with Warner Bros. comes in an effort to respond to the growing use of digital streaming to rent movies. Rentals for movie-kiosk rentals declined last year by 17%, the Journal reported.

Redbox plans to add 1,500 kiosks this year, creating more than 41,000 kiosks around the country, according to the report. The company has seen more than 5 billion rentals since it was founded in 2002.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

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