On another occasion, he heard a rumor that the second-largest video rental company might be on the market.

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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.

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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.

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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.

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The satellite company won a bidding contest in bankruptcy court for the video rental chain.

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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.

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