NCR Acquires DVDPlay to Expand Blockbuster Rental KiosksAuthored by Mark Hefflinger on December 10, 2009 - 8:56am.
Duluth, Ga. - NCR (NYSE: NCR), video rental giant Blockbuster's (NYSE: BBI) partner
in the burgeoning market of automated DVD rental kiosks, announced on Thursday
that it has acquired DVDPlay, the operator of a network of 1,300 kiosks in the
U.S. and Canada.
Financial terms of the transaction were not disclosed. With the acquisition of Campbell, Calif.-based DVDPlay's assets, Georgia-based NCR said it now expects to have 3,800 Blockbuster-branded rental kiosks in operation by year's end. The deal will also provide Blockbuster with new kiosks in California, Colorado and Illinois. Meanwhile, Coinstar (NASD: CSTR), Blockbuster's main rival in the automated DVD rental kiosk market through its Redbox unit, announced on Thursday that it has now installed more than 22,210 kiosks, averaging 900 new installations per month over the past six months.
Related Links: http://www.businesswire.com/news/home/20091210005287/en |
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