Coinstar gobbles up Redbox

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Redbox, the wonderful dollar-a-day DVD rental kiosk company, is currently owned by a number of parties, including Coinstar and GetAMovie, a subsidiary of McDonalds. Coinstar, Redbox’s majority owner, announced last week that they’ll be buying up the remaining shares. No price changes are planned for normal DVDs. Although we previously reported that Redbox would rent Blu-Ray discs for $1, indications now are that Blu-Ray rentals will cost a little more.

Still, the business model is sound. Redbox claims to have 20% of the DVD rental market in some of its oldest territories, and customer satisfaction is extremely high. Redbox does one thing, and does it very, very well.

Via Zatz Not Funny.

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