Home Media Magazine - Feb 12, 2010Coinstar, Inc. (CSTR)
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Richard Greenfield
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Pali ResearchThe specter of a possible retail window for new release packaged media could significantly impact DVD rental kiosk market leader Redbox's revenue by 50%, an analyst said.
The day after Coinstar Inc, parent of Redbox, disclosed that the kiosk vendor in the most recent quarter had weathered select studio challenges bruised but not beaten, Richard Greenfield, analyst with Pali Capital in New York, issued a note predicting growing storm clouds for the kiosk vendor It should be noted that Greenfield remains a staunch critic (and one of the few) of the $1 DVD rental, spearheaded by Redbox a market changing price the analyst suggests could send the movie business into the abyss Greenfield said Redbox's business model devalues home entertainment to near penny status and makes alternative distribution formats such as DVD/Blu ray sellthrough, in store and subscription rental, video on demand, and even theatrical appear overpriced "All of the companies we cover in the movie industry will suffer," he wrote in a note
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The specter of a possible retail window for new release packaged media could significantly impact DVD rental kiosk market leader Redbox's revenue by 50%, an analyst said. <span class="sent"> The day after <span class="company">Coinstar</span> Inc, parent of Redbox, disclosed that the kiosk vendor in the most recent quarter had weathered select studio challenges bruised but not beaten, <span class="analyst">Richard Greenfield</span>, analyst with Pali Capital in New York, issued a note predicting growing storm clouds for the kiosk vendor</span> It should be noted that Greenfield remains a staunch critic (and one of the few) of the $1 DVD rental, spearheaded by Redbox a market changing price the analyst suggests could send the movie business into the abyss Greenfield said Redbox's business model devalues home entertainment to near penny status and makes alternative distribution formats such as DVD/Blu ray sellthrough, in store and subscription rental, video on demand, and even theatrical appear overpriced "All of the companies we cover in the movie industry will suffer," he wrote in a note...The specter of a possible retail window for new release packaged media could significantly impact DVD rental kiosk market leader Redbox's revenue by 50%, an analyst said. <span class="sent"> The day after <span class="company">Coinstar</span> Inc, parent of Redbox, disclosed that the kiosk vendor in the most recent quarter had weathered select studio challenges bruised but not beaten, <span class="analyst">Richard Gr
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