Andre Yoskowitz
27 Oct 2011 16:25
Coinstar has announced their quarterly earnings today, surprising some.
The company is raising the price on Redbox kiosk rentals from $1 to $1.20, effective the end of the month.
Execs say Blu-rays and video game rentals will still cost $1.50 and $2.00 with no price hikes.
Says the company:
We remain committed to providing redbox consumers access to the latest movies at an incredible value. This marks the first price increase for a redbox standard definition DVD rental in eight years. The change is primarily due to the increase in operating expenses, including the recent increase in debit card interchange fees as a result of the Durbin Amendment.