Gadget recycling startup ecoATM is being acquired by Outerwall (the former Coinstar) for $350 million in cash, in a move that could significantly grow its network of recycling kiosks in the malls of the world.
Kiosks are the latest option for you to recycle your perfectly good cell phone that you ditched for a newer model. Startup ecoATM plans to put hundreds of more recycling kiosks into places like malls this year.
The DVD business is still very, very good to Redbox and its parent company, Coinstar, which now control more than 42 percent of the U.S. disc-rental market. Redbox, however, said nothing about its new Verizon joint venture in Thursday’s Q2 earnings call.
While its longtime DVD-rental rival, Netflix has signaled its eventual retreat from the disc business, kiosk operator Redbox seems more than happy to take on any physical-media customers Netflix wants to cut loose.
Investors have filed to settle a lawsuit that claims Coinstar wrongfully juiced its share price by failing to disclose that some studios had…
Verizon and Redbox are creating a joint venture to provide content online and through Redbox’s physical DVD rental kiosks around the country. The deal is a chance for Verizon to make money from streaming content and show off how awesome its network is.
A lot has been made of Warner Bros. and its new eight-week window for DVD rental firms. But the new window is unlikely to change much for companies like Netflix, Redbox or Blockbuster. While Netflix users will wait longer, Blockbuster and Redbox users likely won’t.
Redbox was expected to be one of the big beneficiaries of Netflix’s most recent price change. But there wasn’t any apparent effect in Redbox’s numbers, as parent Coinstar reported revenues just slightly above Wall Street consensus. Worse, Redbox announced it is raising rates itself.
Will kiosks in stores finally convince us all to recycle our gadgets and cell phones? Startup ecoATM and its investors think so — on Wednesday, ecoATM announced it’s raised a Series A round of $14.4 million in funding from Coinstar and Claremont Creek Ventures.
All hail the kiosk! This morning Coinstar, which runs businesses around kiosks that count coins and kiosks that rent DVDs, announced that it has invested in ecoATM, a startup that has developed a kiosk for recycling electronics.