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Redbox Renews Retailer AgreementWalmart to Feature Redbox Kiosks at More Than 3,700 Locations Into January 2015 (January 31, 2012)
OAKBROOK TERRACE, IL -- (Marketwire) -- 01/31/12 -- Redbox Automated Retail, LLC, a wholly-owned subsidiary of Coinstar, Inc. (NASDAQ: CSTR), today announced a renewal agreement with Walmart to continue featuring Redbox® kiosks at more than 3,700 Walmart locations nationwide. The agreement extends the availability of Redbox kiosks and builds upon the companies' more than five-year relationship.
"Redbox is proud to be located at America's favorite retail destinations and to extend our relationship with Walmart," said Maria Stipp, chief customer officer of Coinstar, Inc. "A key component to our success is our extensive retail footprint as it provides consumers greater access to movies and games at a low price."
Featuring more than 28,000 locations nationwide, Redbox is America's destination for movies and games. To date, more than two thirds of the U.S. population lives within a five-minute drive of a Redbox kiosk.
The first Redbox kiosks were installed in Walmart Stores in 2006.
Finding the nearest Redbox location is simple on www.redbox.com, via the Redbox iPhone® and Android apps or by texting FIND to 727272.*
* Message and data rates may apply. Only available on participating carriers.
Redbox Automated Retail, LLC, a wholly-owned subsidiary of Coinstar, Inc., (NASDAQ: CSTR) offers new-release DVD, Blu-ray Disc® and video game rentals through its network of conveniently located, self-service kiosks. Redbox has rented more than 1.5 billion discs and is available at more than 34,400 kiosks across over 28,000 locations nationwide, including select McDonald's restaurants, leading grocery, drug and convenience stores, select Walmart locations and Walgreens locations in select markets. For more information, visit www.redbox.com.
Safe Harbor for Forward-Looking Statements
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including phrases conveying expectation or intent and other expressions identifying future performance. Forward-looking statements are not guarantees of future performance which may vary materially from performance expressed or implied in the forward-looking statements. Differences may result from actions taken by Coinstar, Inc. or Walmart as well as those of third parties and from risks and uncertainties beyond our control. Such risks and uncertainties include, but are not limited to, changes in the number and timing of anticipated locations, the services or products available at each kiosk, and the termination, non-renewal or renegotiation on materially adverse terms of the agreement between Coinstar, Inc. and Walmart. The foregoing risks and uncertainties are illustrative, but by no means exhaustive. For more information on factors that may affect future performance, please review "Risk Factors" described in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. These forward-looking statements reflect Coinstar, Inc.'s expectations as of the date of this release. Coinstar, Inc. undertakes no obligation to update the information provided herein.
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