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Will Comcast and Verizon Crush Netflix?
Friday, February 24, 2012 - 11:24am | 6522012 has been the year of new streaming video services. Coinstar's (NASDAQ: CSTR) Redbox and Verizon Communications (NYSE: VZ) announced earlier this month that they will partner up to launch a new service to challenge the market leader Netflix (NASDAQ: NFLX). In addition, just two days ago...
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DVD Rentals to Drop 50% in Five Years
Wednesday, February 8, 2012 - 12:20pm | 685DVD sales are already in the toilet. By 2017, DVD rentals might be as well. Earlier this week, Coinstar (NASDAQ: CSTR) and Verizon (NYSE: VZ) sent shockwaves through the video rental community when the two corporations announced an unprecedented deal to launch a new streaming video service while...
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Is Coinstar the Future of Video Rentals?
Wednesday, February 8, 2012 - 10:14am | 1209Has the change-counting kiosk maker come up with the perfect formula for video renting success? For roughly two decades, when consumers wanted to rent a movie, they went to Blockbuster Video. There were other video chains in the mix as well, such as Family Video and Hollywood Video. But it was...
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Why is Coinstar the Only Company that Understands the Value of DVDs?
Tuesday, February 7, 2012 - 10:32am | 405Streaming video may be the future, but most companies have forgotten that we are living in the present. As most Benzinga readers are now aware, Verizon (NYSE: VZ) and Coinstar (NASDAQ: CSTR) have teamed up to destroy the nation's video rental service: Netflix (NASDAQ: NFLX). In addition to this...
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Five Must-Haves from the Verizon and Coinstar/Redbox Deal
Monday, February 6, 2012 - 2:25pm | 781What do Verizon and Coinstar need to make this venture a groundbreaking success? For starters, a little groundbreaking content would be nice. While it might be too much to ask, Verizon (NYSE: VZ) could go the route of Starz, HBO, Showtime, and other cable networks and develop a few exclusive shows...
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Verizon and Coinstar Will Destroy Netflix
Monday, February 6, 2012 - 12:17pm | 1037Two companies have a message for the nation's largest streaming video site: you're screwed! Verizon (NYSE: VZ), the cellular giant that many expected to acquire Netflix (NASDAQ: NFLX), has seemingly found a way to build a better video empire: by teaming up with Coinstar (NASDAQ: CSTR). It's an...
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Earnings Preview: Coinstar Still Cashing In
Wednesday, October 26, 2011 - 6:40am | 597Coinstar (NASDAQ: CSTR) is scheduled to report third-quarter 2011 results Thursday, October 27, after the closing bell. The company's Redbox self-service DVD-rental business seems well positioned to pick up some of those customers who continue to abandon Netflix's (NASDAQ: NFLX) DVD-by-mail service...
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Netflix Competitor Expects to Gain Market Share
Tuesday, September 20, 2011 - 3:45pm | 141The shares of Netlix (NASDAQ: NFLX) have been under a heavy pressure within the past two months and the subscribers seem to be abandoning the once beloved video service. As a result, Benzinga contacted some of Netlix' competitors today to find out, if the company's recent price increase has had a...
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Coinstar Earnings Preview: Strong EPS, Revenue Results Expected
Wednesday, July 27, 2011 - 7:19am | 623Coinstar (NASDAQ: CSTR) is scheduled to report its second-quarter 2011 results Thursday, July 28, after the markets close. Coinstar's Redbox DVD rental business may ultimately benefit from Netflix's (NASDAQ: NFLX) recently announced price change, but for the second quarter, investors no doubt will...
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Redbox Increases McDonald's Traffic (CSTR, MCD)
Tuesday, January 18, 2011 - 11:59am | 325Coinstar (NASDAQ: CSTR) brand Redbox is consistently driving traffic to McDonald's (NYSE: MCD) parking lots, according to a Piper Jaffray research report published today. In the report, Piper Jaffray states, "Satellite images of 1,123 different McDonald's restaurants (455 with Redbox kiosks)...
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Carl Icahn's Blockbuster Bet
Friday, September 24, 2010 - 10:45am | 283(TheStreet) -- Carl Icahn made a big bet when, as reports claim, he invested in one-third of Blockbuster's (BLOKA) debt. But what exactly does Icahn hope to gain from the once video giant gone bankrupt? The big bet is that Blockbuster will be able to emerge from bankruptcy with nearly no debt and a...
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Netflix Reaches Deal to Stream First-Run Movies Early (NFLX)
Wednesday, September 8, 2010 - 1:14pm | 136Netflix (NASDAQ: NFLX) has struck an agreement with Nu Image/Millennium Films to stream first-run theatrical films during the “pay window” when those movies are usually found on premium TV channels. The film companies said that they would provide Netflix with 5-10 movies a year, generally a few...
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Coinstar’s Redbox Continues to See Increased Traction (CSTR)
Thursday, July 29, 2010 - 5:29pm | 206Coinstar Inc. (NASDAQ: CSTR) reported earnings after the bell today that missed the Street’s consensus on both the top and bottom lines. Shares are currently in decline, off some 8.30% in the after-hours. What was encouraging though was the performance of the company’s DVD business, otherwise...
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Shares of Coinstar (CSTR) Keep Surging
Friday, April 30, 2010 - 11:28pm | 145Coinstar (CSTR) rose over 16% today gaining $6.15 a share to finish the day at $44.36. Coinstar is best known as the owner of the Redbox DVD kiosks. Coinstar's DVD business grew a whopping 70% in the last quarter. According to J. Scott Di Valerio, Coinstar's chief financial officer "The traction we...
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Analyst Calls Blockbuster (NYSE:BBI) – “Dead Man Walking”
Wednesday, February 24, 2010 - 12:25pm | 113Analysts are mulling over Blockbuster’s restructuring, announced yesterday. Ironically, Blockbuster's own story might not have a happy ending. Competitors Netflix (NASDQ:NFLX) and Redbox are steadily eroding the company’s market share, while services like Hulu and On Demand make a trip to the video...