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National CineMedia CEO Tom Lesinski Says U.S. Exhibition Needs A Few Months Of Open Theaters “And Real Movies” To Assess Covid Impact
National CineMedia, operator of the nation's largest cinema advertising network, saw sales plunge and it swung into the red last quarter as more than half of all theaters were shuttered. On a conference call, execs noted recent agreements to expand outside of cinemas and said the company will be announcing another, a…
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1 Comments Comment on National CineMedia CEO Tom Lesinski Says U.S. Exhibition Needs A Few Months Of Open Theaters “And Real Movies” To Assess Covid Impact
National CineMedia In Ad Deal With Coin-Counting Kiosk Owner, Coinstar
Financially hurting cinema advertising network National CineMedia has inked a deal to run ads with Coinstar, a big operator of supermarket coin-counting kiosks.
With the exhibition business on the Covid-19 skids, the agreement helps expand National CineMedia's digital-out-of-home footprint by extending its…
Redbox Owner’s Shares Plummet After It Reports Disappointing Summer Sales
Stock prices for kiosk company Outerwall are down more than 20% in post-market trading after it lowered its financial projections for the year noting in a release that promotion discounts in July and August “drove consumers toward more single night [DVD] rentals.” As a result, the net revenue per rental in Q3 likely…
Coinstar Shares Jump On Higher Than Expected Q1 Earnings
The stock is up more than 5% in after-market trading following the earnings report — plus an announcement that the company behind the Redbox kiosks plans to change its name to Outerwall. Whatever it’s called, it reported Q1 net income of $22.6M, -57.9% vs the period last year, on revenue of $574.7M, +1.1%. The revenue…
Coinstar Shares Fall After It Discloses CEO Departure And Replacement
The stock is down 3.9% in initial after-hours trading. The maker of the Redbox DVD rental kiosks says that CEO Paul Davis — who has held the top job since 2009 — will retire in March, and be replaced by CFO J. Scott Di Valerio. The change comes as the company, in a joint venture with Verizon, begins to roll out a…
Coinstar Shares Fall After Q3 Earnings Fall Short Of Expectations
UPDATE, 3:23 PM: If you were waiting for detailed information about the Redbox Instant by Verizon streaming plans, you’ll have to keep waiting. Coinstar told analysts in a conference call that the online service is in an internal beta test and the test will be opened to the public soon. “We’ve been really pleased with…
Coinstar Chief Ducks Question About Possible Sale As Shares Spike
The stock price is up more than 8% at midday after the New York Post said that the owner of the Redbox DVD rental kiosks is talking about selling itself to “an undisclosed private-equity firm.” Coinstar has a market value of about $1.7B. Some may consider it a bargain at a price that’s less than 9 times its expected…
Coinstar Chief Says Coffee And Redbox Blend In Automated Retail Strategy: Video
Coinstar CEO Paul Davis — whose company owns the Redbox DVD rental kiosks — appeared on CNBC today to discuss a venture that’s almost as important to folks in the media business: coffee. Coinstar shares were up 6% after Coinstar said that by year end it will roll out 500 kiosks under the brand name Rubi that will…
Is Redbox Preparing To Sell Movie Tickets At Its Disc Rental Kiosks?
Wedbush Securities’ Michael Pachter thinks so after attending Redbox parent company Coinstar’s briefing yesterday for Wall Street analysts. Although the company only referred cryptically to its plan for a “new Redbox venture,” Pachter says this morning he believes that Coinstar “intends to sell movie tickets through…
Redbox Helps Coinstar Deliver Strong 1Q
Redbox‘s revenue grew 38% to $502.9 million compared with the first quarter a year ago, giving parent company Coinstar healthy earnings to report after the closing bell today. Redbox’s kiosk DVD rental service saw growth owing to a year-over-year boost in same-store sales, new kiosk installations, strong performance…
Coinstar Raises Financial Forecast As Redbox DVD Rentals Beat Expectations
Coinstar shares are up more than 13% in after-hours trading after the owner of Redbox said that the kiosk rental business continues to thrive after the October price increase for a DVD to $1.20 a night from $1. As a result it says that Q1 revenues could exceed $569M vs the maximum of $555M it projected in February…
Redbox Parent Buys Maker Of Blockbuster DVD Kiosks
Can Verizon And Redbox Compete With Netflix, Apple, And Amazon?
Coinstar shares are up more than 13% in after-hours trading on a big news day for the relatively small parent of Redbox. The twist with the announcement involving Blockbuster Express is that the kiosks you see in supermarkets and drug stores aren’t owned…
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