Those predicting the decline of Coinstar-owned Redbox will have to wait a while longer, it seems. Fortune magazine has released its annual list of the 100 fastest-growing companies, and Coinstar has jumped from number 61 in 2010 to number 22 this year.
The huge leap on the Fortune list bodes well for Redbox, which makes up a huge percentage of Coinstar’s revenue.
Coinstar CEO Paul Davis said the following about his company’s place on the list:
“Coinstar’s commitment to innovation has consistently delighted consumers and delivered substantial value to our partners, positioning us well for continued growth . . . This distinction by Fortune is a testament to our ability to provide our consumers with practical, value-added technologies in automated retail. We are honored to be a part of this list of market-movers.
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So the big question is: can Coinstar (and Redbox) keep it up? Where do you predict Coinstar will land on the 2012 Fortune list?
(via Home Media Magazine)
They are doing well because times are tough and they are trying to keep prices low for content. That’s what I want to see in a company
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