REDBOX SWITCHING TO SETTOP BOX

Kiosk operator Redbox is planning to follow a course similar to that of Netflix, gradually transitioning to online rentals, the company said Thursday as corporate parent Coinstar released third-quarter results showing Redbox’s operating income growing 149 percent to $29.7 million on revenue of $305.5 million, up 54 percent. Faced with analysts’ concerns about its longterm [...]

REDBOX RENTS ITS ONE-BILLIONTH DISC

Someone in Tampa, FL on Sunday rented a copy of Clash of the Titans, the one billionth DVD disc to pop out of a Redbox kiosk, the Coinstar-owned $1-a-night movie-rental company announced on Monday. In a statement, Redbox President Mitch Lowe said, “One billion rentals is an incredible milestone as Redbox has quickly become the [...]