Outerwall, formerly known as CoinStar is the parent company of Redbox, which it acquired back in 2008. Redbox provides 80% of Outerwall's revenue.
Redbox is largely known for their "red boxes" that largely sit outside of convenience and grocery stores and rent a small selection of the latest DVD and Blu-ray optical discs. They also have a streaming service that competes with Netflix and Amazon.
While I do use Redbox to rent Blu-rays, I dropped Netflix back when they had their pricing changes, I have never used their streaming services.
It appears that there are problems inside of Outerwall as the latest CEO, Anne Saunder's, has done an abrupt exodus from the company, leaving Outerwall to fill the postion in the next couple of months. Outerwall will also cut 8.5% of its workforce to save about $22M annually beginning in '14.
What's this mean to Redbox users? Hopefully not much and the layoff's and CEO change are due to Outerwall canning some unsuccessful ventures like Rubi kiosks, Crop Market food kiosks and Start Studio photo booths. Rubi kiosks seemed to have the most traction with agreements with Starbucks to launch 500 kiosks using Seattle's Best Coffee.
I like Redbox, I hope they stick around.
Any of you use Redbox?