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Outerwall blames Hollywood for lower Redbox sales

Outerwall, Inc., the Bellevue-based company that operates the popular Redbox video rental kiosks, said in its earnings press release that the company saw lower-than-expected revenues because of a “weak content release schedule” in June. Overall, the company reported $549.2 million in revenue, which missed analyst expectations for its top line by more than $11 million…. Read More

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Outerwall profits up as Redbox sees 200M rentals in Q1

Bellevue-based Outerwall today posted its first quarter earnings and saw revenues increase by 4.7 percent to $600 million. Outerwall, the parent company to the Redbox, Coinstar, and ecoATM device recycling kiosks, also reported profits of $23.2 million, up 2.5 percent from Q1 2013. The Redbox business, which allows people to rent DVDs from kiosks, brought in $515.7 million last… Read More

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Former Warner Bros. executive named Redbox president

A former Warner Bros. Home Entertainment executive, Mark Horak, has been named president of Redbox this afternoon as the video service expands beyond its DVD rental kiosks into the world of streaming movies and videos, through a partnership with Verizon. The announcement was made this afternoon by Bellevue-based Outerwall, the parent company of Redbox and Coinstar,… Read More

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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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Redbox parent Outerwall buying ecoATM kiosk company for $350M

Outerwall, the Bellevue-based company formerly known as Coinstar, is buying ecoATM, a San Diego company that makes automated kiosks for buying used phones and other electronics, for $350 million in cash. The deal, announced this morning, adds to Outerwall’s portfolio of kiosks that includes Redbox movie rentals, Coinstar coin-counting machines and Rubi coffee kiosks. Outerwall already… Read More

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Redbox Instant by Verizon available to public by March

We’ve been waiting and waiting for our Redbox Instant beta access here at GeekWire and are wondering when we’ll receive our invitation. But now we know for sure that the service will be here, at the very least, in two months. Redbox Instant by Verizon CEO Shawn Strickland told reporters this morning at the CES… 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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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

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The DVD isn’t dead yet: Sales surge at Redbox kiosks

Movie streaming and digital downloads may be rising in popularity, but it looks like many of us aren’t quite yet ready to give up on good old-fashioned DVDs — even if we aren’t going inside a traditional movie rental store to get them anymore. DVD kiosk venture Redbox saw its sales rise nearly 39 percent… Read More

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Your next cup of coffee, brewed by Redbox?

Coinstar will seek to build on the success of its Redbox $1 movie rental kiosks with a line of automated machines that dispense coffee “that tastes pretty close to a cup from any upscale coffee bar,” according to reporter Nick Wingfield of the New York Times. The Bellevue-based company is currently testing the coffee machines in partnership with… Read More

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Coinstar buys NCR assets for $100M, shares soar on Redbox sales growth in Q4

It has been a very busy day at Coinstar. The Bellevue maker of coin-counting machines already announced a strategic partnership between its Redbox video rental business and Verizon. Now, the company has released strong financial results for the fourth quarter along with the purchase of assets from NCR’s entertainment business. The asset purchase includes Blockbuster Express… Read More

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Look out, Netflix? Redbox and Verizon joint venture to offer DVDs and movie downloads

Coinstar’s Redbox unit and telecom giant Verizon have formed a new joint venture that will combine online movies and DVD rentals in a unified subscription service for consumers. The companies announced the initiative this morning, saying they plan to start rolling out a combined service in the second half of this year. Pricing wasn’t announced, but the… Read More

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Redbox raises DVD rental prices by 20 cents

Redbox is raising prices on DVD rentals from $1 to $1.20 due to higher operating costs associated with debit card fees. It marks the first time in eight years that the unit of Bellevue-based Coinstar has increased daily DVD rental prices. “The amount was selected to best offset expenses, while keeping our value commitment to… Read More

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Afternoon Radar: Facebook music, Redbox vs. Netflix, another secret iPhone lost in a bar

Busy news day today across the tech industry. Some of the biggest stories catching our attention …  Facebook plans to launch a music service next month in partnership with existing services Spotify, MOG and Rdio, reports Mashable, citing two anonymous sources. Seattle-based Rhapsody has so far fended off Spotify’s U.S. launch, but Facebook brings hundreds… Read More

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Redbox getting into video games, like for reals this time

Coming soon to the front stoop of your local 7-Eleven: Master Chief and Mario. Redbox, the movie-rental subsidiary of Bellevue-based Coinstar, is rolling out video games to more than 21,000 locations across the U.S., starting in June. The move actually isn’t a surprise, given that Redbox has been testing game rentals in 5,000 locations for… Read More