QUICK LINKS: Videos  |  Micromarkets |

Redemption Report




Buy a Classified Ad


Editorial Calendars


Circulation Data






Date Book


Bookmark this site

Issue Date: Vol. 51, No. 5, May 2011, Posted On: 5/3/2011

Redbox Venders Will Begin Videogame Rentals In June

Marcus Webb
video game rental, Coinstar Inc., Redbox, DVD vending machines, video game rental machine, vending, vending machine, vending machine business, self-service kiosk, automated retailing

BELLEVUE, WA -- Coinstar Inc. said it will begin renting videogames for consumer consoles through 21,000 Redbox DVD vending machines, about 64% of its installed base, starting in June. Redbox will stock games for Sony's PlayStation, Nintendo's Wii and Microsoft's Xbox, renting them for $2 a day.

Coinstar tested videogame rentals in 5,000 machines between August 2009 and the end of 2010 and reported one million vended game rentals during that period. Coinstar officials said about 64% of Americans own videogame consoles.

Coinstar also said Redbox DVD rentals' net income for the quarter ended March 31 surged 32% to $8.5 million. DVD revenues were higher than expected since the company has been negatively impacted by delayed DVD releases for rentals and by rising DVD prices. | SEE STORY

Coinstar Inc. (Nasdaq: CSTR) is a leading provider of automated service solutions for retailers. Its core products are Redbox self-service DVD rentals and Coinstar brand self-service coin-counters. The company says it operates approximately 49,000 machines -- 31,800 DVD and 18,800 coin-counting kiosks -- deployed in supermarkets, drugstores, mass merchant stores, financial institutions, convenience stores and restaurants.

Topic: Vending Features

  • Lavit's Single-Cup Solution: Countertop Cold Drinks, At Long Last?
  • Better-For-You Products Proliferate At Vistar Mid-Atlantic's Largest-Ever Open House
  • VE South Hosts Orientation For New Wittenborg 9100 Coffee Vending Machine
  • AMS Plans January Production For MicroVend Countertop Machine
  • Businesses Begin To Accept Mobile Payments With Square's New Reader

Copyright © 2015 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570