Outerwall shuts down Redbox kiosks in Canada

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: Staff Writer

Craig Keefner -- With over 40 years in the industry and technology, Craig is widely considered to be an expert in the field. Major early career kiosk projects include Verizon Bill Pay kiosk and hundreds of others. Craig helped start kioskmarketplace and formed the KMA. Note the point of view here is not necessarily the stance of the Kiosk Association or kma.global