Outerwall Inc. provides automated retail solutions. The company’s core offerings in automated retail include its Redbox business, where consumers can rent or purchase movies and video games from self-service kiosks, and its Coin business, where consumers can convert their coin to cash or stored value products at self-service coin counting kiosks. Redbox This segment operates approximately 44,000 Redbox kiosks, in 36,400 locations. The company’s Redbox kiosks are available in every U.S. state, Puerto Rico, and Canada, and are installed primarily at grocery stores, mass retailers, drug stores, restaurants and convenience stores, including Walgreens, Walmart, Kroger, and 7-Eleven. The company’s Redbox kiosks supply the functionality of a traditional video rental store, yet typically occupy an area of approximately 10 square feet. The company also entered a joint venture, Redbox Instant by Verizon, to provide consumers a nationwide over-the-top video distribution service that offers rental of physical DVDs and Blu-ray Discs from its kiosks. The company’s consumers can rent a movie or video game from one location and return their rental to any of its Redbox locations. Additionally, the company’s consumers may reserve a movie or video game online or via a smart phone application and pick it up at the selected Redbox location. The company’s content library consists of movies and video games available for rent or purchase. It obtains its movie and video game content through revenue sharing agreements and license agreements with studios and game publishers, as well as through distributors and other suppliers. Coinstar This segment owns and operates approximately 20,900 coin-counting kiosks (approximately 17,400 of which offer various stored value products to consumers) in 20,600 locations, where consumers feed loose change into the kiosks, which count the change and then dispense vouchers or, in some cases, issue stored value products, at the consumer’s election. The company’s Coinstar kiosks are available across the U.S., where they provide a convenient and trouble-free service to retailers, such as Kroger and Walmart, and in Canada, Puerto Rico, Ireland, and the United Kingdom. New Ventures This segment identifies, evaluates, builds, or acquires, and develops new self-service concepts in the automated retail space. The company has kiosks in the marketplace that address the electronics and beauty and consumer packaged goods consumer sectors. The company owns ecoATM, Inc. Strategic Investments and Joint Venture The company makes strategic investments in external companies that provide automated self-service kiosk solutions. Investments address the Health sector through the company’s investment in Solo-Health, Inc. and the Entertainment sector through its Redbox Instant by Verizon joint venture. Discontinued Operations In 2013, the company discontinued various concepts, including Orango, Rubi, Crisp Market, and Star Studio. Seasonality The company’s Coin segment generally experiences its highest revenue in the second half of the year due to increased retailer foot traffic and holiday shopping in the fourth quarter (year ended December 31, 2013) and an increase in consumers’ desire for disposable income in the summer months. History The company was founded in 1991. It was incorporated in Delaware in 1993. The company was formerly known as Coinstar, Inc. and changed its name to Outerwall Inc. in 2013.
outerwall inc (OUTR:NASDAQ GS)
1800 114th Avenue SE
Bellevue, WA 98004
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