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 [...]
I’m no legal eagle, so there won’t even be an attempt to handicap this licensed trademark battle on my end. I will only argue that NCR must be doing well with the kiosks if it continues to expand this aggressively. Would a name change really be that detrimental?
NCR Corp. has put more than 800 Blockbuster Express kiosks locations at grocery stores in 11 states in the Southeast and Mid-Atlantic.
Despite this, average revenue per kiosk improved 16% each quarter in 2010, according to NCR, which estimates that the additional 3,000 units will generate $200 million in revenue in 2011.
The company, which operates 5,500 rental stores in the US and Europe, filed for court bankruptcy protection to allow it to remain in business and continue a drive to expand its digital and kiosk-based rental unit.
Blockbuster Express Kiosk: Can It Beat Red Box? – With Labor Day weekend nearly over, you may have seen deals coming from the few available Blockbuster kiosks around your city. These include 3 DVD rentals for $2, a rather low number for any rental agency, following other deals that ranged in the 2-for-$1 area.
“(Brick-and-mortar stores) are falling like dominos. Soon it’s going to be Netflix and redbox, if it’s not already. They serve two needs, redbox for new releases and Netflix for older movies,” Mendelsohn said.
July 21, 2010 | 3:37 pm
Wall Street’s sky-high expectations for Netflix Inc. sent its stock into a swoon after hours Wednesday as the fast-growing DVD-by-mail company failed to meet revenue expectations.
Netflix stock was down 9% in after-hours trading after it reported $520 million in revenue for the three months ending June 30. That was [...]
Total spending on video rentals declined 4.9% to $3 billion as retail chain Movie Gallery closed stores, and consumers flocked to the fast-growing number of $1-a-night DVD rental kiosks like the ones operated by Redbox. Kiosk revenue was up 55%.
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