Coinstar, Redbox’s parent company, has seen its share prices drop 14% during the last few weeks.
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This decline, according to Merriman Curhan Ford analyst Eric Wold, is due to investor concerns about Redbox’s upcoming Q4 results and its lack of a digital initiative.
Archive for January, 2011
Public Media Works (PMW) is an upstart rival to kiosk operators Redbox and Blockbuster Express.
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The company is planning on installing tens of thousands of kiosks over the next few years, and has already started making deals with major retail groups.
In partnership with Signifi Solutions Inc.
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, PMW has announced the production of the “best-in-class, entertainment kiosk in the marketplace today,”
It’s had a long gestation, but the digital rights “cloud” UltraViolet will finally be going live this year. The Digital Entertainment Content Ecosystem (DECE), which is a partnership of more than 60 media and tech companies backing UV, announced today that the service will begin appearing on devices within the next six months.
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Netflix CEO Reed Hastings wasn’t kidding around when he declared a few months ago that streaming was now his company’s primary business. So ubiquitous has Netflix’s streaming service become that several major manufacturers are planning on adding a dedicated “Netflix” button to their remote controls.
Blockbuster’s implosion over the last few months has had a ripple effect that goes beyond the home entertainment industry. California-based supermarket chain Safeway has filed a motion that claims a new round of BB location closures will have a negative impact on its business.
Just a reminder that today is free movie Monday from Redbox.
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If you are on their text message list, you should be receiving your code shortly, if you haven’t already.
If you are not using your code today, feel free to post it here in the comments so someone else can get some use out of it.
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(Remember, it is good today only, and only works one time.)
(And, yes, Redbox only sends the codes out to those on their text message list. That is just their policy, so please no comments on that.)
Have a great day – and Happy New Year!
Check out the latest titles coming to Redbox this week (1/4/2011)…
Inception, Dinner for Schmucks, The Last Exorcism, Case 39, Gun, A Dog Year, and Parade of Fun!
What are your picks for this week?
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Netflix has something new in common with Redbox: each has been named as a defendant in separate class action lawsuits. Netflix’s suit, which has just been granted class action status by a federal judge, is being brought against it by a group of subscriber who are alleging antitrust practices.
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