Monday, February 16, 2009

Redbox Now Owned Entirely by Coinstar


Well the popular Movie Rental Kiosks known as Redbox is now completely owned by Coinstar.  McDonalds sold their share in the company (they'll still own some stock as part of the deal) and left the movie rental business to the guys at Coinstar.  The business has been pretty good for Redbox as they continue to expand their $1 per movie per day business across the country.  Expect to see Blu-Ray movies for a bit over $1 (could be up to $2) in the near future based on a report by Inside Redbox

via HackingNetflix