Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
November 13, 2019
arrowPress Releases







If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Coinstar Results Boosted As U.S. Game Rental Kiosks Expand

Coinstar Results Boosted As U.S. Game Rental Kiosks Expand

October 29, 2010 | By Kris Graft

October 29, 2010 | By Kris Graft
Comments
    Post A Comment
More: Console/PC



Redbox parent Coinstar this week reported quarterly sales and profits ahead of analyst expectations, as the company continued to expand its roll-out of video game offerings in its automated kiosks.

Redbox this month said that it would expand its video game rental test program into more U.S. regions, offering game rentals for $2 a night alongside movie releases. Currently, 4,500 of Redbox's total 24,000 automated kiosks hold video games.

"We believe video game rentals and the further rollout of Blu-ray will be incrementally positive to Coinstars results beginning in 2011," said Wedbush analyst Michael Pachter.

For the third fiscal quarter ended September 30, Coinstar reported profits of $19.5 million, down from $41.4 million from the same quarter a year ago, but still enough to exceed analyst estimates, causing a big boost in share prices. Revenues for the quarter were $380.2 million, up from $267.7 million for the same period a year prior, also ahead of estimates.

Redbox is showing revenue growth as former disc rental powerhouse Blockbuster recently filed for bankruptcy. The franchise known best for its walk-in locations struggled to meet competition from Redbox's convenient locations, and mail-based rental company Netflix, which now offers streaming video on desktop computers and major video game consoles.


Related Jobs

Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[11.12.19]

Senior Lighting Artist
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[11.12.19]

Lead Character Artist
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[11.12.19]

Encounter Designer
Evening Star
Evening Star — Los Angeles, California, United States
[11.11.19]

Gameplay Programmer









Loading Comments

loader image