Content about Redbox

MATTHEWS, N.C. — Family Dollar is getting the Redbox treatment.

The discount store chain announced it inked a multiyear deal with the Coinstar subsidiary, through which Redbox kiosks will be installed at Family Dollar locations across the United States. Family Dollar customers will be able to rent new release DVDs at Redbox for $1.20 a night, Blu-ray discs for $2 a night and games for $2 a night.

OAKBROOK TERRACE, Ill. — Automated retail kiosks operator Redbox has agreed to purchase assets from NCR's entertainment line of business, including DVD kiosks, certain retailer contracts and DVD inventory.

NCR, which will be paid up to $100 million for the assets by the Coinstar subsidiary, said the business move is part of an effort to focus on other targeted industries.

In line with the assets purchase, Coinstar said it will also will enter into a strategic supplier arrangement where it will purchase product and services from NCR.

DEERFIELD, Ill. — Walgreens will reward 1 million customers at its stores nationwide on Thanksgiving Day with a free one-day Redbox DVD rental, the drug store chain announced.

The DVD rental, which will be given to the first 130 customers (not including prescription purchases) at the chain's more than 7,700 locations, will be valid at all Walgreens Redbox locations from Thanksgiving Day through Dec. 24.

BELLEVUE, Wash. — Shoppers that take advantage of Redbox rentals should expect to see a change in price.

Redbox's parent company Coinstar on Thursday said that the daily rate for standard DVD rentals will increase 20 cents to $1.20. Prices for Blu-ray format movie rentals and for video game rentals, however, will not change and continue to be $1.50 and $2, respectively.

BELLEVUE, Wash. — Coinstar announced that the president of its DVD rental subsidiary has resigned.

Redbox president Mitch Lowe, who has led the business since April 2009 after joining the company in 2005, will leave to pursue other entrepreneurial interests. Lowe will stay on as president until a successor is named, Coinstar said, adding that the company has begun to search for a replacement.

BELLEVUE, Wash. — Coinstar will help boost the retail presence of a self-service kiosks provider through a new deal.

OAKBROOK TERRACE, Ill. About one month after announcing its movie rental milestone, Redbox reportedly also is offering video game enthusiasts the chance to rent games from its kiosks.

Redbox offers video game rentals for such systems as Nintendo DS, Nintendo Wii, Sony Playstation PS2 and PS3, and Microsoft Xbox 360. The price to rent the video games currently is $2 per day, according to published reports.

OAKBROOK TERRACE, Ill. Redbox announced Sunday that its one billionth movie was rented at one of its automated kiosks in Tampa, Fla.

“One billion rentals is an incredible milestone, as Redbox has quickly become the local video store for millions of consumers nationwide,” said Mitch Lowe, Redbox president. “Our popularity is a testament to our consumers’ loyalty and our steadfast commitment to making movie rentals affordable and convenient for our consumers.”