Coinstar’s Deal with Time Warner Unchanged (CSTR, TWX, NFLX, DISH)
Redbox video vending machine owner Coinstar Inc. (NASDAQ: CSTR) has denied that the company has a new deal with Time Warner Inc. (NYSE: TWX) that doubles the time that Coinstar must wait before it can release new movies. There have…
Redbox video vending machine owner Coinstar Inc. (NASDAQ: CSTR) has denied that the company has a new deal with Time Warner Inc. (NYSE: TWX) that doubles the time that Coinstar must wait before it can release new movies.
There have also been reports that Neflix Inc. (NASDAQ: NFLX) and Blockbuster, now owned by Dish Network Inc. (NASDAQ: DISH), would also have to wait 56 days to release new movies.
Under the existing agreement between all the companies, Coinstar, Netflix, and Blockbuster may distribute DVDs 28 days following the date the DVDs are released for sale. A reported delay of 56 days is not (yet) agreed.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.