Coinstar Says It Will Seek to Mitigate Costs, Work With Studios
Coinstar Inc. (CSTR) will seek to mitigate new debit-card fees that increased its costs and led to a price increase, Chief Financial Officer J. Scott Di Valerio said in an interview.
The company will continue to work with studios on so-called windows that delay access to DVDs by customers of its Redbox movie-rental kiosks, Chief Executive Officer Paul Davis said in an interview. He said providing access to rental and for-sale customers on the same day is the best for consumers, and the company has the option of buying DVDs elsewhere.
“Some studios want a window and we try to work with them,” Davis said. “There’s a point to where it might not make sense.”
Coinstar renewed a contract with Viacom Inc. (VIA/B)’s Paramount Pictures that gives Redbox access to DVDs on the day they go on sale, Di Valerio said.
Some Hollywood studios are considering seeking a 60-day window for DVD rentals, people with knowledge of the matter said earlier.
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