By Associated Press, Published: March 1
LOS ANGELES — Cut-rate rental DVD kiosk operator Redbox said Thursday that it has renewed a deal to carry movies made by Universal Pictures 28 days after discs are made available for sale.
The deal extends through August 2014 a pact first made in April 2010.
Hollywood studios have differing views of [...]
Verizon considered a number of partners for an over-the-top video service, but it was Redbox’s customer base that convinced it to partner with the DVD kiosk company, Verizon Communications EVP and CFO Fran Shammo said at an investors conference.
Speaking at the Deutsche Bank Media and Telecommunications Conference, Shammo said Redbox brings something to the table [...]
By Brad Tuttle | @bradrtuttle | February 21, 2012
What will the vending machines of the future look like? What’ll they sell? Perhaps the question should be: What won’t they sell? Coinstar, the company that owns DVD kiosk giant Redbox, is testing out new machines that’ll sell everything from a first-rate cup of coffee to [...]
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 [...]
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