Watch out, Netflix! Redbox is comin' for you next!
Yesterday, Redbox parent company Coinstar announced that they'd be purchasing NCR's Blockbuster Express DVD rental kiosks for $100 million!
For the moment, the Blockbuster Express machines will remain blue, but soon enough we'd say they're likely to turn red.
Here's what an NCR spokesman had to say about the deal:
"Once the deal is completed, NCR will have no need for the Blockbuster license. NCR will be out of the owner-operator business in entertainment."
Between this deal and Coinstar/Redbox's newly-reported fourth quarter revenue of $520.5 million, we'd say 2012 is going to be a good year for RB!
Do U utilize Blockbuster Express DVD rental kiosks? Are U happy to hear that they're going red???
Tags: 2012, blockbuster, blockbuster express, blue, coinstar, dvd, kiosks, ncr, red, redbox, rental, revenue