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 [...]
23 January 2012
Redbox kiosks have popped up at every neighborhood block in the country practically overnight! There seems to be one in every grocery store, liquor store and 7/11 in the nation.These free-standing, vibrantly red kiosks offer tons of new movie titles for cheap and are require absolutely no membership, making them appealing to many [...]
January 31, 2012 | 11:53am
Warner Bros.’ deal with Redbox has expired with the two companies still at odds over how long consumers should wait to rent DVDs for $1.20 a night.
As a result, kiosk rental company Redbox will have to buy Warner DVDs from retailers like Wal-Mart at a higher price but will no longer [...]
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 [...]
Brick-and-mortar retail stores continue to cede movie-rental market share, as kiosks and digital-streaming rentals become more accepted by consumers.
Port Washington, N.Y. (PRWEB) January 19, 2012
According to The NPD Group, a leading market research company, U.S. consumer rental of movies in DVD and Blu-ray Disc formats fell by 11 percent in 2011, versus the prior [...]
Verizon And RedBox Planning Major Partnership For Early 2012 Launch
DEVINCOLDEWEY
Yesterday, it was reported that Verizon was planning a Netflix competitor and in talks with various content producers to provide the streams and downloads. TechCrunch has obtained additional information on this story that makes the concept a bit more realistic and should alleviate some of the [...]
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.
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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