The satellite company won a bidding contest in bankruptcy court for the video rental chain.
Money is being made again in gold names, tech takeovers and, somewhat incongruously, video rental stocks.
Coinstar, parent of the Redbox video rental chain, this afternoon posted better-than-expected Q1 results.
It closed stores, cut costs and transformed the video rental chain into a modern-day Netflix-killer.
Netflix has done a great job of taking on all the incumbents in the video rental space.
While iTunes still dominates the online video rental business, Vudu surged at the end of last year.
On another occasion, he heard a rumor that the second-largest video rental company might be on the market.
Despite the many problems that Netflix encountered last year, the video rental giant has managed to rise substantially in 2012.
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Shares jumped 21% in aftermarket trading after the video rental and streaming company beat Wall Street expectations for profit and revenues.
Morgan analyst Paul Coster upped his rating on the parent of the Redbox video rental kiosk chain to Overweight from Neutral.
But instead, the brick and mortar video rental institution is rapidly vanishing.
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Back in the 1980s, an enterprising journalist sought out the video rental records for Supreme Court nominee Robert Bork and got them.
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The business model differs from that of traditional video rental stores that typically let customers pick movies from an available physical library of titles.
Radha, the elder of the two, is a childless woman trapped in an empty marriage with Ashok, the owner of a video rental store.
He notes that the company now accounts for about 27% of the U.S. video rental market, up 9 percentage points from a year ago.
In the 1980s, many video rental chains preferred the VHS format.
But unlike Netflix, Hulu has not penetrated the video rental market.
Netflix competes with cable and satellite providers like Time Warner Cable, Comcast, Dish Network and DirecTV, and video rental services like Redbox.
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Coinstar shares are taking some heat after hours Thursday following a disappointing third quarter financial report from the parent of the Redbox video rental kiosk chain.
Icahn, who failed with his Blockbuster investment some years ago, is taking another stab at the video rental business, albeit one with a slightly modernized business plan.
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Meanwhile, revenues have already been in decline in the U.S. video rental market, as growth in DVD rentals hasn't kept pace with the sharp decline in VHS rental revenue.
Twenty-five years ago, our video rental history was deemed private enough that Congress enacted a law to prevent it from being shared in hopes of reducing misuse of the information.
With that in mind, the video rental company thought it would be a good idea to look at the quality of the ISPs (Internet Service Providers) consumers are using in America.
Morgan analyst Paul Coster this morning chopped his rating on the stock to Underweight from Neutral, asserting that consensus EPS estimates for 2011 are too high for the parent of the Redbox video rental kiosk chain.
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Netflix is the online movie streaming company that competes with cable and satellite operators like Time Warner Cable, Comcast, Dish Network and DirecTV for streaming and pay-TV services, as well as video rental services like Redbox.
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In a clear hint that the company is interested in expanding its position in the video segment, Amazon recently cut a deal to acquire European video rental service Lovefilm, which much like Netflix offers movie and TV shows both by mail and streamed over the Internet.
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While Netflix (NFLX) gets most of the headlines, one of the most remarkable developments in the video rental business over the last few years has been the amazing growth of Redbox , the video rental kiosk business run by Coinstar (CSTR), a company that used to be known for its coin-counting machines.
Blockbuster, a video-rental store, failed in Germany, and digital streaming has not caught on.
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The rule protects video-rental outfits like Blockbuster and Netflix as well as public libraries.
However, the main losers, when Video Networks launches its service, are likely to be video-rental outlets.
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