Outerwall's asset
Outerwall

@outerwall.com

Outerwall delivers retail products and services for consumers via self-service interactive kiosks.

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About

Description

Outerwall is an American company that specializes in self-service kiosks and automated retail solutions. Its headquarters is located in Bellevue, Washington. The company's history dates back to 1991 when it was founded as Coinstar, Inc.


Coinstar kiosks were installed in grocery stores, allowing customers to deposit their coins and receive paper currency or gift cards in return. In 2013, Coinstar, Inc. The company now operates three main business segments: Redbox, Coinstar, and ecoATM.


Redbox provides self-service DVD and Blu-ray movie rentals through kiosks located in various retail locations. Coinstar offers coin-counting kiosks as well as other financial services such as electronic gift cards. Outerwall has a global presence, with operations in the United States, Canada, Puerto Rico, and Ireland.


It has also expanded through partnerships and joint ventures with other companies. Notably, Outerwall formed a joint venture with Verizon Communications in 2016 to launch ecoATM Gazelle, a nationwide network of automated kiosks that provide instant cash for used smartphones and tablets. In terms of market position and competition, Outerwall faces competition in the DVD rental industry from companies like Netflix and Amazon.


However, Redbox has maintained a strong position due to its convenient locations and competitive pricing. Coinstar also faces competition in the financial services industry from traditional banks and other companies offering similar services. One major event in Outerwall's history was the acquisition of Redbox Automated Retail, LLC in 2009, which solidified its position as a leading provider of DVD rentals.


Another significant change was the rebranding of the company to Outerwall to reflect its broader range of products and services. As of the latest available information, Outerwall continues to operate its kiosks and expand its product offerings. However, it is important to note that there may be more recent updates or key information that is not included in this description

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