Redbox renews retailer agreement with Walmart
Redbox Automated Retail, a wholly-owned subsidiary of Coinstar, has renewed agreement with retail giant 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. The first Redbox kiosks were installed in Walmart Stores in 2006.
Coinstar chief customer officer Maria Stipp said a key component to the firm's success is its extensive retail footprint as it provides consumers greater access to movies and games at a low price.
Redbox features more than 28,000 locations in the country. The company claims that more than two thirds of the US population lives within a five-minute drive of a Redbox kiosk.
Redbox offers new-release DVD, Blu-ray disc and video game rentals through its network of conveniently located, self-service kiosks. The firm has rented more than 1.5 billion discs and is available at more than 34,400 kiosks across over 28,000 locations nationwide.
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