Outerwall shuts down Redbox kiosks in Canada, beats Q4 earnings expectations – GeekWire

By | February 6, 2015

As part of its fourth quarter earnings report today, Outerwall said it is shutting down its Redbox DVD rental kiosks in Canada. Outwerall, the Bellevue-bas

Source: www.geekwire.com

Outerwall, which recently increased both movie and video game rental prices at Redbox kiosks, noted that the week of Dec. 29 was the highest rental week in Redbox history. The company also installed 380 new ecoATM kiosks last quarter.

In addition, Outerwall said that starting in March it will pay stockholders a $0.30 per share dividend for the first time ever. The board of directors also approved an additional share repurchase authorization of up to $250 million of its common stock.

Author: Kiosk Industry

Kiosk manufacturer experience since 1993. Engineer for Verizon Bill Pay kiosks while at KIS in Colorado. Extensive device knowledge for printers, scanners, currency, PCI, ADA, touch screen technology, outdoor, biometrics such as fingerprint and IRIS. Runs and manages the current kiosk association, KMA. Works with U.S. Access Board on ADA and accessibility. PCI SSC participating organization. Member of National Retail Federation (NRF) and National Restaurant Association.