Redbox snatches up NCR's entertainment division, future of Blockbuster kiosks unclear

If you thought Coinstar was through making industry rattling announcements today, you were wrong. After taking the wraps off its joint venture with Verizon, now the company has announced it'll be taking over NCR's entertainment division for $100 million. That includes DVD kiosks, retailer contracts and an inventory of discs for stocking the machines. That's big news not only cause it expands Redbox's already sizable self-serve rental empire, but because it may be doing so at the expense of the floundering Blockbuster since NCR has been responsible for distributing and running the blue and yellow rental kiosks. How exactly this will impact existing Blockbuster Express installations is unclear, but we can't imagine the news is good. For a few more details about the deal check out the PR after the break.

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Redbox snatches up NCR's entertainment division, future of Blockbuster kiosks unclear originally appeared on Engadget on Mon, 06 Feb 2012 17:58:00 EDT. Please see our terms for use of feeds.

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