McDonald’s Sells it’s Share of Redbox to Coinstar
Many may recall seeing various Redbox units at various grocery stores in North America, did you know they were part owned by McDonald’s? It seems McDonald’s wants out of the movie rental business, to do such a thing they have sold their majority shares of Redbox to a company called Coinstar.
Under this deal McDonald’s still holds a few shares in the company, with this deal Coinstar hopes to expand Redbox’s Blu-ray rental business. Currently no price point has been announced although many assume it will be $2 per rental, sounds reasonable?
Anyone here use Redbox? Are Blu-ray movies in a Redbox near you?
[Via Zats Not Funny]