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Saturday, August 6, 2011
Redbox Seeks Edge After Netflix Hikes Price For DVD Plan
These should be the best of times for Coinstar and its Redbox DVD rental business. Rival Netflix (NFLX) is de-emphasizing its DVD-by-mail service in favor of online streaming video. And traditional DVD rental stores, such as Blockbuster, continue to close locations as consumers choose alternative means to get their video entertainment. Coinstar (CSTR) has beaten Wall Street's earnings expectations the past two quarters, but investors are
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