Hints and tips:
...If you didn’t know what Coinstar of the US did, you’d be snapping up the shares with both hands....
...Verizon and Coinstar, owner of the Redbox DVD rental service, are teaming up to take on Netflix....
...In the lower tech world, Starbucks announced a partnership with DVD vending machine operator Coinstar while two document storage companies – Iron Mountain and Recall – sent signals that the business is getting...
...Blockbuster, which has 2,500 outlets, filed for bankruptcy in September 2010, after it failed to keep pace with new competitors such as Netflix and Coinstar’s RedBox....
...Coinstar, the vending machine and DVD rental kiosk operator, was down 11.9 per cent to $38.96 after saying that its first-quarter earnings would fall short of Wall Street’s expectations....
...Coinstar, a company specialising in machines that count small change, estimates that there is about $10bn lying idle in American drawers and inside piggybanks....
...It has also lost ground to the rise of Coinstar’s RedBox low-cost DVD rental kiosks....
...Blockbuster’s debt burden continued to swell after companies such as Netflix and Coinstar’s RedBox, which offered rentals by post and at kiosks, became more popular than driving to local movie shops....
...been struggling to adjust to shifts in consumer behaviour over the past five years, as it has lost customers both to Netflix’s DVD by mail rental service, and to low-cost DVD rental kiosks operated by Coinstar...
...Pressure has also built in the past two years thanks to the proliferation of Coinstar’s Redbox vending machines offering $1 rentals, to which Blockbuster has been slow to respond....
...However, it plans to add another 7,000 DVD rental kiosks to retail locations around the US in a partnership with NCR, as it seeks to regain ground lost to Coinstar’s Redbox rental kiosks....
...Blockbuster has been hard hit in North America by the rise of Netflix and Coinstar’s Redbox subsidiary....
...Viacom has struck a deal with Redbox, a low priced rental company owned by Coinstar that rents movies for $1 and which has been partially blamed for the decline in DVD retail sales....
...Blockbuster has been hard hit in North America by the rise of both the DVD-by-mail subscription service of Netflix and the expansion of low-cost automated rental kiosks run by Coinstar’s Redbox subsidiary...
...But he singled out the subsequent rise of Redbox, a service owned by Coinstar that now has more than 19,000 DVD kiosks located in chemists, supermarkets and discount stores, offering recently released films...
...Its mail-based service is also facing new competition from DVD rental kiosks operated by Coinstar’s Redbox, which offer films for as little as $1 a night from 19,000 kiosks located in drugstores, supermarkets...
...Coinstar, a business built around coin-counting machines, announced a deal with newsagent WH Smith in the same month....
...There are no official figures but Coinstar, a Nasdaq-listed company with revenues of $460m last year, estimates that $10.5bn worth of coins is idling in the US at any one time....
International Edition