DVD rental kiosk company Redbox takes a different spin today as a group of funds from Apollo Global Management closed a $895 million deal (not including debt) to buy the DVD kiosk company’s parent, Outerwall.

Apollo divided operations into three separate businesses with Galen Smith, who had been Outerwall’s CFO, becomi…

Apollo Global Management could become the nation’s leading operator of DVD rental kiosks as the result of a $1.6 billion (including debt) agreement announced this morning to buy Outerwall, which owns the struggling Redbox business.

The private equity firm has agreed to pay $52 for each Outerwall share, a 6.6% premium o…

An activist shareholder who believes the Redbox DVD kiosk business is in “secular decline,” and should cut costs, just secured as many as three seats on the board of its parent company, Outerwall.

The arrangement is part of a “Cooperation Agreement” that Outerwall made with Engaged Capital, which owns 14.6% of the shar…

Shares in Redbox owner Outerwall spiked more than 10% in postmarket trading after the company announced that it has hired advisers to “explore strategic and financial alternatives to maximize shareholder value” — jargon terms that often mean it’s for sale.

The company hired Morgan Stanley to help with financial matters…

Outerwall shares are down more than 22% this morning — a loss of $286.4 million in market value — after it told investors that its Redbox kiosk DVD-rental service will fall short of Q4 financial expectations.

It’s “challenged by the historically low box office during the third quarter, which was the worst theatrical bo…

Shares of kiosk giant Outerwall are down more than 11.6% in pre-market trading after the company disclosed without explanation that J. Scott Di Valerio has resigned. Board member Nora Denzel will serve as interim CEO while the board searches for a long-term replacement.

Company chair Nelson Chan hints that Di Valerio w…

The jump to $1.50 per night from $1.20 takes effect on December 2, it says this morning. And while that’s still just pocket change, it could make some consumers question whether it’s worth the trek to a local kiosk instead of staying home and paying a bit more to queue up a movie on a cable, satellite, or streaming VOD…

With its kiosk DVD rental business in the doldrums, Redbox parent Outerwall reported uninspiring results for Q3 – as it promised better times ahead due in part to belt-tightening and share repurchases. The company, formerly known as Coinstar, generated $17.9M in net income, down 78.4%, on revenues of $552.9M, -5.7%…

It’s become fashionable – especially since last week when HBO and CBS announced their online plans – to look at Internet streaming as a digital gold rush. But the folks at Redbox tell a different story, in an SEC filing today, about their experience with their  now-defunct joint venture: Redbox Instant by Verizon…

Redbox Instant by Verizon, the video-streaming service from Verizon Communications and Outerwall’s Redbox unit, will shut down Oct. 7, the companies announced on the service’s website.

The statement read, “Thank you for being a part of Redbox Instant by Verizon. Please be aware that the service will be shut down on…

Outerwall (yes, that’s the company’s name) also announced a new president for Redbox: Mark Horak, who’ll move from Warner Bros Home Entertainment on March 17 to run the DVD kiosk company. <img class="alignright size-medium wp-image-187930" alt="Redbox" src="https://s0.wp.com/wp-content/themes/vip/plugins/lazy-load-0.7/…

Outerwall‘s stock price is up about 8% this morning, the first trading day after the activist investor group disclosed it bought 3.8M shares — about 13.5% of the total — <img class="alignleft size-medium wp-image-187930" title="Redbox" src="https://s0.wp.com/wp-content/themes/vip/plugins/lazy-load-0.7/images/1x1.trans.…