Gadget recycling startup ecoATM is being acquired by Outerwall (the former Coinstar) for $350 million in cash, in a move that could significantly grow its network of recycling kiosks in the malls of the world.…
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The cell phone recycling kiosk is slowly invading malls near you
Kiosks are the latest option for you to recycle your perfectly good cell phone that you ditched for a newer model. Startup ecoATM plans to put hundreds of more recycling kiosks into places like malls this year.…
Read MoreKiosks keep rolling: Redbox reports 26% Q2 revenue increase
The DVD business is still very, very good to Redbox and its parent company, Coinstar, which now control more than 42 percent of the U.S. disc-rental market. Redbox, however, said nothing about its new Verizon joint venture in Thursday's Q2 earnings call.…
Read MoreDVD not so DOA after all? Redbox Q1 revenue up 39%
While its longtime DVD-rental rival, Netflix has signaled its eventual retreat from the disc business, kiosk operator Redbox seems more than happy to take on any physical-media customers Netflix wants to cut loose.…
Read MoreCoinstar Investors Propose $6 Million Settlement Over Redbox Stock Dive
Investors have filed to settle a lawsuit that claims Coinstar wrongfully juiced its share price by failing to disclose that some studios had……
Read MoreVerizon teams up with Redbox to cash in on video
Verizon and Redbox are creating a joint venture to provide content online and through Redbox's physical DVD rental kiosks around the country. The deal is a chance for Verizon to make money from streaming content and show off how awesome its network is.…
Read MoreWhat Warner Bros.’ 8-week DVD window really means
A lot has been made of Warner Bros. and its new eight-week window for DVD rental firms. But the new window is unlikely to change much for companies like Netflix, Redbox or Blockbuster. While Netflix users will wait longer, Blockbuster and Redbox users likely won't.…
Read MoreWhat Netflix effect? Redbox will raise rates instead
Redbox was expected to be one of the big beneficiaries of Netflix's most recent price change. But there wasn't any apparent effect in Redbox's numbers, as parent Coinstar reported revenues just slightly above Wall Street consensus. Worse, Redbox announced it is raising rates itself.…
Read MoreecoATM Raises $14.4M for eCycling Kiosks
Will kiosks in stores finally convince us all to recycle our gadgets and cell phones? Startup ecoATM and its investors think so -- on Wednesday, ecoATM announced it's raised a Series A round of $14.4 million in funding from Coinstar and Claremont Creek Ventures.…
Read MoreFrom Coin Counting to E-cycling: Coinstar Backs ecoATM
All hail the kiosk! This morning Coinstar, which runs businesses around kiosks that count coins and kiosks that rent DVDs, announced that it has invested in ecoATM, a startup that has developed a kiosk for recycling electronics.…
Read MoreRedbox Testing Higher-Priced Rentals
Redbox is testing different, higher price points for DVD rentals in some markets, reports Video Business. The company has been a disruptor…
Read MoreCoinstar Gets Into Social Gaming; Will Sell Prepaid Game Cards For Facebook, Others
Lending more credence to reports that Facebook has a universal virtual payment platform in the works, is news that coin-counting machine com……
Read MoreDVD Kiosk Firm Redbox Bought Out By Coinstar For Up To $176 Million; McDonald’s Paid Out
Redbox, the DVD rental kiosk company been bought out completely by its majority owner, publicly-traded coin-counting machine maker Coinstar.……
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