Coinstar Inc., owner of the Redbox movie-rental kiosks, said fourth-quarter profit almost tripled and the company will buy the competing service operated by NCR Corp. (NCR) The shares soared.
Net income jumped to $31.5 million, or $1 a share, from $11.7 million, or 35 cents, a year earlier, which included a loss from discontinued operations, the [...]
At a time when the DVD appears to be dying, Redbox has acquired NCR’s entertainment business for $100 million.
Redbox will bolster its movie-kiosk business by acquiring Blockbuster Express.
NCR is a company that specializes in automatic teller machines and retail kiosks. If you used one of those self-serve ticket machines at an airport, chances [...]
2011 treated Redbox pretty well, according to data from research firm The NPD Group. According to the firm, Redbox’s unit volume in disc rentals rose 29% in the declining market, and Redbox now commands 37% of all DVD and Blu-ray rentals.
Russ Crupnick, SVP of industry analysis for The NPD Group, summed up the firm’s findings [...]
CSTR smashed Q3 Earnings projections. Then stock price fell roughly 15% due to market’s thinking people won’t pay $0.20 more to rent a DVD. Although it is a 20% increase in price; the increase is relatively small in terms of cash outlay to the consumer. I believe the market got this one wrong. Redbox will not lose customers over 20 cents. Stock price will be up over the next 3 months or so.
October 27, 2011 | 4:15 pm
Say goodbye to $1-per-night DVD rentals.
Kiosk rental company Redbox said Thursday it is raising its standard price to $1.20 a day to cope with rising costs.
The company’s first price increase since it launched eight years ago comes as Redbox reported strong results for its third quarter ended Sept. 30, [...]
Saturday, 29 October 2011
Talk about the future of distribution of movie contents and all you hear these days is about finding workable commercial models for streaming to a variety of computer and hand-held devices. DVD-rentals seem to be “oh so yesterday.” Both the sale and rental of DVDs continue their steady decline. U.S DVD sales [...]
OCTOBER 27, 2011 BY MIKE FLACY
While consumers are dropping Netflix for cheaper alternatives after the price hike, Coinstar is also dishing out a price hike to consumers that rent DVDs through Redbox around the United States.
Earlier today, Coinstar announced an increase in price on DVD rentals at Redbox kiosks from $1.00 a day to [...]
Watch out, Netflix! You may have wiped out almost all the Blockbusters from El Lay to La Canada, but there are still PLENTY of Redboxes…and more are coming!
According to Piper Jaffray analyst Michael J. Olson, Coinstar’s Redbox movie rental kiosk are reaping the benefits of Netflix totally screwing up with their formerly loyal customers.
Olson says [...]
Samimi is unveiling a kiosk membership program as part of a new pricing model to “allow consumers to have a physical DVD plan like Netflix, but enjoy the convenience of being able to come and get a DVD any time that they want,” he said.
“In our opinion, this price would still be more attractive than other rental options and could actually drive a margin boost to Redbox since the price increase would benefit all transactions, while the debit fee hike would only impact about half of all transactions,” Wold wrote in a Sept. 21 note.
Copyright © 2012 dvdkioskinsider. Designed by
Powered by eShop v.4
Insider Comments