Coinstar (CSTR) is a leading, publicly-held provider of automated retail solutions that offers products and services to benefit consumers and drive incremental retail traffic and revenue for retailers. Offerings include automated retail include (Red Box) DVD and Coin Services businesses.
DVD Rentals
CSTR offers self-service DVD rentals through 28,500 Red Box kiosks in 24,900 locations where consumers can rent or purchase movies. CSTR’s DVD kiosks are installed primarily at leading grocery stores, mass merchants, drug stores, restaurants, and convenience stores.
DVD kiosks supply the functionality of a traditional video rental store, yet typically occupy an area of less than ten square feet. Consumers use a touch screen to select their DVD, swipe a valid credit or debit card, and receive their movie(s). The process is designed to be fast, efficient and fully automated with no membership fees. DVD services revenue is generated primarily through fees charged to rent a DVD. In retailers with high performing DVD kiosks, CSTR may add another kiosk to drive additional revenue and provide a broader product offering.
Coin Services
CSTR offers self-service coin-counting services. CSTR owns and services all of its coin-counting kiosks, providing a convenient and trouble-free service to retailers. CSTR owns and operates more than 18,900 coin-counting machines in the United States, Canada, Puerto Rico, Ireland, and the United Kingdom (approximately 12,300 of which offer a variety of prepaid cards and e-certificates to consumers). Coin-counting revenue is generated through transaction fees from CSTR’s consumers and retailers.
Source: CSTR 10Q for the Sept 2010 quarter, filed Oct 28, 2010
http://www.sec.gov/Archives/edgar/data/941604/000119312510239751/d10q.htm
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