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Coinstar Giving Up Gumballs

Coinstar is simplifying its businesses by selling off its “entertainment services” division.

Coinstar Inc (CSTR.O), which provides coin-counting machines and DVD rental kiosks, said it sold its entertainment services business to National Entertainment Network Inc for a “nominal consideration” as it looks to focus on its core businesses.

So, no more gumball machines, video games and kiddie rides for the Redbox owner. Coinstar will now focus just on its Redbox and coin-counting businesses.

[via Reuters]

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