Friday, October 28, 2011

Coinstar to raise prices at Redbox machines...

Shares of Coinstar (CSTR) turn lower stung in part by an announcement in the company's Q3 report that it's raising prices on standard def DVD rentals to $1.20 from $1.00. Also weighing on shares is late word that a 60-day delay on DVD rentals is being bandied around by Hollywood movie studios, aimed at helping boost their DVD sales and online purchases.

Hmm...this sounds familiar.

CSTR is currently down 4.88 to 48.16

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