coinstar

Redbox Instant video streaming said to launch in December

Redbox Instant -- Verizon's stab at a video streaming service to compete with Netflix -- is said to be launching by the end of the year.

Users may be able to start using the service as soon as December 17, according to GigaOM. Also, it's looking like Redbox Instant could cost as low as $6 a month.

Redbox Instant is a joint venture announced in February between Verizon and Coinstar -- the company that owns the Redbox DVD rental business. The companies aim to develop an on-demand video streaming service with DVD rentals, much like what Netflix offers.… Read more

Redbox partners up to challenge Netflix

Google is working on augmented-reality goggles, say goodbye to Blockbuster Express kiosks, and Redbox and Verizon team up to take on Netflix.

Links from Monday's episode of Loaded:

Redbox pays $100 million for NCR's Blockbuster Express

At a time when the DVD appears to be dying, Redbox has acquired NCR's entertainment business for $100 million.

NCR is a company that specializes in automatic teller machines and retail kiosks. If you used one of those self-serve ticket machines at an airport, chances are you've used an NCR product. The company began operating more than 10,000 Blockbluster Express DVD kiosks after acquiring the brand from the original Blockbuster video rental service (Blockbuster went bankrupt and the brand and some of its stores were acquired last year by the Dish Network). Apparently, NCR couldn't make … Read more

Redbox quarterly performance disappoints

Redbox owner Coinstar had a worse-than-expected fourth quarter as it severely underestimated the impact 28-day delays on movie availability, among other factors, would have on its operation.

The company said yesterday that it expects to make between $78 million and $82 million when it announces fourth-quarter earnings next month. Coinstar initially estimated that it would generate a profit of $84 million to $90 million. Moreover, it has revised its 2011 revenue outlook down from $1.85 billion to $1.70 billion.

"Overall, the performance of the Redbox business during the fourth quarter was not in line with our forecast,&… Read more