Activist investor buys large stake in Redbox

http://www.forbes.com/sites/afontevecchia/2013/10/04/netflix-competitor-redbox-sees-barry-rosensteins-jana-become-top-stockholder/

Activist investor Barry Rosenstein has bought a 14.5 percent share in Outerwall, the parent company of Redbox, for around $204 million, reports Forbes. Rosenstein, who made the investment through his Jana Partners outlet, believes Outerwall to be undervalued, declaring in an SEC statement that options include cost cutting as well as “pursuing a sale, selling and/or discontinuing businesses.” Outerwall not only competes with Netflix through its Redbox DVD kiosks, but also through Redbox Instant, a subscription streaming service the company jointly launched with Verizon.

Redbox Instant is coming to Roku

Roku users will soon have access to yet another video subscription service. Redbox Instant will launch its very own Roku channel this summer.

Redbox Instant app arrives on Xbox Live

Microsoft’s Xbox 360 is getting yet another video service with the launch of a Redbox Instant app. This marks the first time Redbox Instant is available on a game console.

How Redbox Instant is gamifying its beta test

Redbox Instant is letting its users play for prizes to get feedback on its beta test, and collect a lot of useful data in the process. Data that one day could be used to improve the service’s movie discovery.

Redbox Instant CEO: Netflix was wrong to sideline DVDs

Don’t count out DVDs just yet: That was one of the key messages that Redbox Instant by Verizon CEO Shawn Strickland had for a select group of reporters Wednesday. Strickland said that Netflix’s decision to sideline DVDs was a mistake.