redbox Installs a Kiosk an Hour

Coinstar has announced that it now has installed more than 22,210 DVD kiosks, exceeding the company's guidance for net installations in 2009. In the past six months, the company's leading DVD kiosk brand redbox has averaged 900 installations per month or more than one kiosk every hour, 24 hours a day, seven days a week.

Earlier this year, Coinstar and redbox announced roll-outs with Kroger, Albertson's LLC and 7-Eleven(R) stores. In total, redbox kiosks are available at more than 19,000 locations in the U.S. that include select Walmart, Walgreens, and McDonald's locations.

"We are delighted with the high retailer and consumer demand for our low-cost, convenient DVD rental service," said Mitch Lowe, president of redbox. "We're proud of the relationships we've established with the top retailers in the U.S. and we continue to identify viable, high-traffic locations where consumers shop to install redbox kiosks."

Tuesday, December 15, 2009

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