Shares of Redbox’s parent company Coinstar takes hit over concerns for content


Redbox’s parent company Coinstar’s (US:CSTR) shares have plummeted by 9% to $47.44 on Friday Afternoon.  Two reason’s which prompted the development was first, the concern about number of DVD Titles that Redbox shall have in the coming quarter and when shall those titles will be available at the 43000 Redbox Kiosk’s for renting.

Shares of Redbox’s parent company Coinstar takes hit over concerns for DVD Titles available for renting and competition from video streaming websites-global-annal

Another thing that caused the stock prices of Coinstar to take a dip was the competition given to the company by the like of Netflix, Amazon, Hulu (Video Streaming Service). Also investors are unwilling to see the response of the video aggregator and streaming application that is being developed by the Redbox and instead have gone out on a selling spree.

Source: Market Watch

Published by Bhavesh Kumar

A multi-talented media professional with diverse experience spanning across journalism (digital and broadcast), management consultancy and documentary filmmaking. Worked for the leading newspaper (the Times of India) and news broadcaster (NDTV India) on their web portal, feature stories, shooting, scripting, programming and editing broadcast news. A creative mindset focused on executing new-age strategic communication initiatives with all its corresponding elements (clear and coherently written key messages, social media marketing and multimedia content) to ensure effective target audience impressions. Also, worked on several primary and secondary market research projects (Market Feasibility Study) for business expansion into new markets.

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