ADVFN - Advanced Financial Network.
HOME» NASDAQ » C » CSTR Stock Price » CSTR Stock News

Coinstar Share News

 Coinstar (mm) Stock Price
CSTR Stock Price
 Coinstar (mm) Stock Chart
CSTR Stock Chart
 Coinstar (mm) Stock News
CSTR Stock News
 Coinstar (mm) Company Information
CSTR Company Information
 Coinstar (mm) Stock Trades
CSTR Stock Trades

Coinstar's Redbox Allows Warner Bros Agreement To Expire

--Redbox allows contract to expire Tuesday, will continue to provide films through "alternative means" --Contract is expiring weeks after Warner Bros. struck an agreement with Netflix --Redbox signed renewal agreement with Wal-Mart to keep kiosks in the retailer's stores By John Kell Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Coinstar Inc.'s (CSTR) Redbox subsidiary allowed a contract with Warner Bros. to expire Tuesday, as the operator of DVD rental kiosks rejected a longer rental delay window the studio says is necessary to ensure a healthy film business. Greg Cohen, senior vice president of marketing and customer experience at Redbox, said the company would continue to provide Warner Bros.'s films through "alternative means," which suggests Redbox will get the videos from third-party suppliers. Warner Bros. spokesman Jim Noonan said the company hoped to "continue discussions with Redbox and reach a mutually agreed-upon solution to this situation, but we fully intend to do what is best for our business, our consumers and the industry as a whole." The contract between Redbox and the studio is expiring weeks after Warner Bros. struck a deal with Netflix Inc. (NFLX), which agreed to wait 56 days after Warner Bros. movies come out on DVD before users can rent them. Warner Bros. also has a 28-day delay window agreement in place with brick-and-mortar locations like Blockbuster LLC. The news had been previously reported by Bloomberg LP. Warner Bros. in 2010 had imposed a four-week delay on rental outlets but the new delay is seen as a bid to bolster DVD sales. Redbox, which says it maintains working relationships with "every other major studio," said it has four-week delay agreements with Universal Studios, a division of NBCUniversal Media LLC, and News Corp.'s (NWS, NWSA) 20th Century Fox. News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. Earlier Tuesday, Redbox said it signed a renewal agreement with Wal-Mart Stores Inc. (WMT) to continue to allow the kiosks to be featured at the retailer's locations nationwide. The first Redbox kiosks were installed in Wal-Mart stores in 2006 and the renewed pact runs into 2015. Wal-Mart has the second most Redbox locations behind drugstore retailer Walgreen Co. (WAG). Shares were down 0.2% to $49.79 in recent trading. -By John Kell, Dow Jones Newswires; 212-416-2480;

Stock News for Coinstar (CSTR)
03/13/201710:16:25Annual Report (10-k)
03/09/201716:03:29Statement of Changes in Beneficial Ownership (4)
03/09/201716:03:02Statement of Changes in Beneficial Ownership (4)
03/08/201716:38:21Current Report Filing (8-k)
03/08/201714:50:56CapStar Financial Holdings, Inc. relocates Corporate Headquarters
02/15/201717:20:38Statement of Ownership (sc 13g)
02/15/201706:04:37Statement of Ownership (sc 13g)
01/30/201706:06:58Current Report Filing (8-k)
01/30/201706:00:00CapStar Financial Holdings, Inc. Announces Fourth Quarter 2016...
01/10/201715:21:33CapStar Announces Dates for Fourth Quarter 2016 Earnings Release...
12/28/201617:02:45Securities Registration: Employee Benefit Plan (s-8)
11/29/201610:00:00CapStar Adds to Commercial Real Estate
11/08/201616:06:06Quarterly Report (10-q)
10/27/201619:26:00CapStar Financial Holdings, Inc. Announces Third Quarter 2016...
10/27/201616:10:52Current Report Filing (8-k)
10/11/201617:40:00CapStar Announces Dates for Third Quarter 2016 Earnings Release...
09/27/201617:31:00CapStar Announces Exercise of Purchase Option and Closing Of...
09/27/201617:29:28Current Report Filing (8-k)
09/23/201619:03:15Statement of Changes in Beneficial Ownership (4)
09/23/201618:38:02Statement of Changes in Beneficial Ownership (4)

Coinstar and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations