Coin-counting company continues to add services
Starting today across most of the installed base of machines, Coinstar kiosks are able to add to or withdraw cash from Paypal accounts, either with deposited coins, or cash in select locations. The feature has already been introduced in Texas, northern California, and Ohio with the initiative said to "continue at select kiosks throughout the year," according to a Coinstar statement.
Redbox takes on NCR entertainment division
Redbox finished Monday by acquiring NCR's entertainment division. The $100 million move would see it buy NCR's 35,000 disc kiosks, usually attached to Blockbuster Express, as well as retailer deals and discs themselves. As part of the swap, Redbox's parent company Coinstar will get software and services that will ultimately make a $25 million profit for NCR.
Price jump blamed on debit card fees
Redbox has announced that its DVD rental service soon will cost customers $1.20 per day, marking a 20 percent price jump from the current rate of just $1.00 per day. Parent company Coinstar blamed the fee hike on an "increase in operating expenses, including the recent increase in debit card interchange fees as a result of the Durbin Amendment."
Redbox says in talks for 2011 movie streaming
Movie kiosk operator Redbox has confirmed in a conference call late this week that it's planning to offer Internet movie streaming in 2011. The CEO of parent company Coinstar, Paul Davis, explained that there were talks with a "number of highly interested parties" hoping to start a Redbox Internet service in 2011. Physical rentals were still to be a core feature, but Internet video was a "significant opportunity," Davis said.