Coinstar hiking Redbox DVD rental fees by 20% |
Connect with TechFlash on our Facebook page for all the latest technology news headlines and commentary, plus information and access to special events, photos from events, promotions and more.
Today On Techflash
- Amazon falls on world's most valuable brand list; Microsoft at No. 5
- Amazon announces deal with Paramount Pictures
- Group plans protest at Amazon shareholder meeting
- Seattle webcomic The Oatmeal generates Tesla-Edison controversy
- Amazon shareholders met by protesters, company cuts ties with ALEC
- Microsoft Windows Phone tops Apple's iPhone in China
Mass High Tech
Kindle News
- Seattle is nation's 13th most 'well-read' city, says Amazon
- Target confirms it will stop selling Kindle, other Amazon products
- U.S. sues Apple, book publishers for fixing e-book prices
- Publishing on the iPad: Displays, processors and licensing, oh my!
- Amazon's Kindle Fire eats into Apple's iPad tablet lead
Coinstar hiking Redbox DVD rental fees by 20%
Coinstar, citing rising costs of debit card fees, said it will raise the price of its Redbox DVD rentals by 20 cents to $1.20, effective next week.
The Bellevue company lowered its fourth-quarter earnings estimates to 57-67 cents per share, lower than analysts’ expectations of 78 cents per share.
Coinstar reported third-quarter earnings of $1.18 per share, higher than analysts’ expectations of 88 cents per share as the company cashes in on customers abandoning rival Netflix, which raised its prices dramatically earlier this year, according to Bloomberg.
Earlier this year, Coinstar began renting video games at its Redbox kiosks.
Netflix’s big problems with keeping subscribers and staying out of the red come at an opportune time for Amazon, which has its own ambitious plans for its Amazon Prime video subscription service.
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
