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Redbox now has 50% of the physical rental market as Outerwall posts increasing profit

Redbox parent Outerwall, the Bellevue-based company formerly known as Coinstar, announced today that Redbox now has 50 percent of the physical rental market for movies. Outerwall also posted its second quarter earnings today, which showed an increase in net income of 4.1 percent to $554.2 million from the second quarter of 2012. That growth was driven by… Read More

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Watch out, Netflix: Redbox Instant priced at $8 per month

Redbox parent Coinstar and Verizon today announced more details about their joint venture streaming video service, confirming its pricing model and new agreements with big movie companies. Later this month, Redbox Instant’s invitation-only beta product will offer unlimited streaming of thousands of movies at $8 per month, along with four one-night credits per month for actual… Read More

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Wii U sneak peek: Nintendo rolling out 5,000 retail kiosks in buildup to launch

This is test-driving, Nintendo style. Looking to recover from the Wii’s slump, Nintendo is placing 5,000 interactive kiosks around retail stores this holiday season to give consumers a hands-on look at the new Wii U game console and its touch-screen GamePad controller. Depending on the kiosk, people will be able to play games like New Super Mario… Read More

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Ticketmaster challenger? Redbox to offer event tickets

First DVDs, then coffee, and as recently as last week, streaming video. Now, Redbox is entering the live event arena. The unit of Bellevue-based Coinstar is now offering tickets to concerts and sporting events for an added fee of that all-too-familiar price of $1. The catch is that the tickets will be for the “cheap-seats,”… Read More