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Redbox

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Coinstar Inc. heaved its first quarter forecast, stating cost efficiencies in obtaining content and higher demand for its movie rental kiosks and lower card-processing fees for Redbox. The after-hours trading saw a rush of shares for Coinstar.

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Verizon communications has unveiled a partnership plan with Redbox to provide video streaming service under the kiosk-based movie rental brand. Redbox is on a move and Coinstar, its parent company’s stock shot up nearly 16 percent with fourth quarter earnings more than double the profits.

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