Redbox to Buy Blockbuster Express Machines
Looks like Redbox is purchasing the Blockbuster Express from NCR's entertainment division for around $100 million. This deal will include over 9000 kiosks, movie inventory, and some retail contracts. The deal is expected to close in the third quarter of this year, so don't worry – you'll still be able to go to the blue kiosks for a while.
Update: Engadget got a PR email regarding Blockbuster Express:
Dear Valued Customer,
NCR, which operates your Blockbuster Express kiosks, has entered into an agreement to sell its kiosks and other assets to Redbox. Until the transaction is completed (we anticipate in the third quarter of 2012), you will continue to enjoy the convenience, choice, and value you're used to from BLOCKBUSTER Express. Until the sale is completed, we will continue to run the business as we have been, focused on bringing you the latest New Release movies with most titles only $2 for the first night. You'll also notice that we've increased our In-Stock Guarantee value so you will now enjoy a movie night on us with a value of up to $3 if we don't have the New Release movie you want in stock.As a reminder, we still have 100s of great movies available at $1 and additional nights of all movies are still only $1, all part of preserving an exceptional value for an affordable night of entertainment.We'll continue to provide you with information on any changes that result from this recent announcement but for now we just wanted to say thanks for being our customer.Sincerely,Justin HotardGeneral Manager
Source:
http://www.engadget.com/2012/02/06/redbox-snatches-up-ncrs-entertainment-division-future-of-block/
