In February, Coinstar subsidiary Redbox announced a joint venture with Verizon to launch a streaming video service. Later this afternoon, the companies will announce more details on the partnership, which will combine access to physical and digital content.
You know you’re supposed to do something more responsible with that cell phone or old laptop than just put it in the trash, but who has the time? Now you can just drop it off, let Coinstar do the work, and get some cash back.
The Coinstar subsidiary today announced a new partnership with Verizon. The joint venture will launch in the second half of 2012 and be a subscription-based and "affordable service that will allow all consumers across the U.S. to enjoy the new and popular entertainment they want, whenever they choose, using the media and devices they prefer," the companies said.
Coinstar, the company behind DVD-kiosk service Redbox, today announced it would acquire NCR's entertainment business for as much as $100 million. NCR, once the central rival to Redbox through its Blockbuster Express brand, operates thousands of movie-rental kiosks which will now come under Redbox and Coinstar's control.
We're entering the age of the kiosk: By 2013, self- service
transactions could top $1.5 trillion. DIY machines are fueling profit
growth at companies such as Coinstar, which bought DVD-rental leader
Redbox and its 15,000 locations last year and expects 2009 revenues of
$1.3 billion, up 43% from 2008. Kiosks are getting fancier,
too, allowing more options than the traditional vending machine, "whose
sole purpose was to dispense cold beverages," says Coca-Cola global
marketing manager Anthony Phillips.
PES is a stop-motion animator, well-loved by design dorks—Michael Gondry once said that his films are like "opening a safe and suddenly seeing a million ideas glittering and exploding." He's now venturing into ad work, having previously stuck to small, personal films. He just finished a nice series of ads for Coinstar that manages to wittily sum up the times we're in. Check it out: