RedBox will increase rental prices on December 2nd.

Prices at your nearest Redbox Kiosk will be increasing.

Outerwall, the parent company of Redbox, announced this week that it will raise prices at its popular kiosks starting December 2nd, 2014.

The price to rent  DVDs will increase 30¢ to $1.50 a day, and the price for Blu-ray™ Discs will increase .50¢ to $2.00 a day. Starting January 6, the price for video games will increase $1.00 to $3.00 a day.*According to the fine print on the Redbox.com website, *Prices may vary in certain places. You can always see daily pricing on the checkout screen when you rent.

The stock market liked this news as Outerwall’s stock ended the session on Monday with an increase of 12.32% to close out the day at $71.39 a share.

The price hike follows the latest report on the company’s revenue for the third quarter. Outerwall posted revenue of $438 million for the three months ending in September, a decrease of 11 percent from the same time period last year. Redbox accounts for around 79 percent of Outerwall’s revenue with the majority of the remainder being made up from the Coinstar kiosks that the company also operates.