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Archive for April, 2010

Redbox parent Coinstar beat analysts’ estimates with its first-quarter earnings today by announcing a Q1 profit of $6.4 million on revenue of $350.1 million. The company’s profit during the first three months of 2010 tripled that of the same period in 2009.

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James Cameron’s Avatar, which stormed past The Dark Knight to swiftly become the highest-selling Blu-ray in the history of the format, is well on its way to another HD distinction: the most pirated. TorrentFreak is reporting that the ten-plus gigabyte HD version of Avatar was downloaded more than 200,000 times in its first four days of availability.

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Netflix, which has been on something of a tear lately, may be preparing to take its business to the next level by finally going international. The streaming and DVD by-mail giant has posted a Director of Product Management position on its website, and the job description could be indicative that the company is ready for quick and effective international expansion.

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Insiders interested in news regarding the late fee lawsuit against Redbox are in luck, because litigious Laurie Piechur and her crack legal team are at it again, this time asking for a summary judgment that would apply Illinois law to their suit. Piechur and company feel that the suit could represent a nationwide class action, with “members ranging from California to Wisconsin”.

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When Redbox announced last week that it had cut 28-day new release delay deals with its erstwhile enemies, Fox and Universal, consumers and investors alike wondered what the ramifications would be to Redbox’s business. Would the customers keep coming? What about Coinstar’s share price? Now that the dust has settled a bit, CNN Money has run a story chronicling Redbox’s troubles with the former Hollywood Three in which several analysts offer their opinions on the matter.

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Here are your latest releases coming to Redbox this week. What will you watch?

Five Minutes Of Heaven R
Starring: Liam Neeson,James Nesbitt
Genre: Drama,Drama,Thriller
Release Year: 2009
movie details / trailer
Georgia O'Keeffe NR
Starring: Jeremy Irons,Joan Allen
Genre: Drama,Biopic,Drama
Release Year: 2009
movie details / trailer
Imaginarium of Doctor Parnassus PG-13
Starring: Heath Ledger,Johnny Depp,Jude Law
Genre: Action,Drama,Adventure,Drama
Release Year: 2009
movie details / trailer
Sherlock Holmes PG-13
Starring: Jude Law,Robert Downey Jr.
Genre: Action,Adventure,Crime
Release Year: 2009
movie details / trailer
The Descent 2 R
Starring: Natalie Jackson Mendoza,Shauna Macdonald
Genre: Horror,Horror,Thriller
Release Year: 2009
movie details / trailer
The Wild Stallion G
Starring: Robert Wagner,Miranda Cosgrove
Genre: Drama,Family,Drama,Family
Release Year: 2009
movie details / trailer
Transylmania R
Starring: Tony Denman,David Hillenbrand,Patrick Cavanaugh
Genre: Action,Comedy,Horror,Horror
Release Year: 2009
movie details / trailer
Under the Sea (IMAX) G
Starring: Jim Carrey (narrator)
Genre: Family,Documentary
Release Year: 2009
movie details / trailer

Netflix’s recent Q1 financial results revealed healthy subscriber growth, much of which the company attributed to its expanding streaming service. At least one analyst believes that a large part of Netflix’s streaming business growth is due to its availability on the Playstation 3, Xbox 360 and Nintendo Wii.

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Back in January, as you may remember, YouTube began offering $3.99 rentals for a 48-hour period. The selection was limited to a few Sundance Film Festival titles from 2009 and 2010. The relative failure of that experiment notwithstanding, YouTube this week expanded its streaming rentals to include some titles from major studios,  including Precious, Reservoir Dogs, Girl with a Pearl Earring, and several films from the Saw franchise.

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The day has come, Insiders. The epic and epochal battle between Redbox and the Hollywood Three has come to a close with today’s announcement of agreements between the kiosk operator, Fox and Universal. Echoing the Warner agreement that recently winnowed the Hollywood Three down to two, Redbox’s deals with Fox and Universal are multi-year distribution agreements that impose 28-day delay windows on new release titles for Redbox.

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Netflix announced its first quarter results today, and the numbers were even better than most analysts anticipated. The company grew to a total of 14 million subscribers by adding 1.7 million new members in the first quarter of the year. On the earnings call, Netflix CEO Reed Hastings attributed his company’s decreased churn (customer turnover) and lower subscriber acquisition costs to increases in its streaming service.

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