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 [...]
January 24, 2012
Coinstar’s redbox is the most popular source of DVD and Blu-ray disc rentals, according to an NPD survey released Thursday.
Although redbox is beating its competitors, NPD’s VideoWatch tracker, which surveyed more than 38,600 movie renters and an additional 74,000 Blu-ray renters, found that the number of consumers getting their movies from streaming services [...]
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 [...]
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.
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, [...]
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.
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