Redbox Owner Coinstar Rises After Quarterly Profit, Rebranding
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Coinstar Inc., owner of the Redbox DVD rental machines, gained the most in three months after efforts to squeeze more from its kiosks fueled quarterly profit that beat analysts’ estimates and the company said it plans to change its name to Outerwall Inc.
The rebranding reflects Coinstar’s effort to diversify beyond its namesake division, according to a statement yesterday.