SOURCE: Coinstar, Inc.; Redbox
PHILADELPHIA, PA--(Marketwire - Oct 3, 2012) - Today, Redbox®, a Coinstar, Inc. (NASDAQ: CSTR) brand and America's destination for entertainment, announced it is now selling event tickets at select Philadelphia-area kiosks and online -- bringing Philly consumers a whole new way to discover and purchase tickets to local live events and attractions. Regardless of the ticket price, Redbox Tickets™ will be sold at face value or below, with a $1 fee per ticket.
"For the past 10 years, Redbox has made movie rentals convenient and affordable for consumers, and now we're bringing the same access to more entertainment with Redbox Tickets," said Anne Saunders, president, Redbox. "This launch brings ticketing options to consumers for a flat fee of just $1 per ticket, and gives artists, venues and inventory owners the ability to promote their events and attractions across our network of more than 650 Redbox kiosks in the Philadelphia area."
Consumers can purchase tickets to Carrie Underwood live at the Wells Fargo Center (Nov. 28, 2012); NASCAR events at the Pocono Raceway, including race day tickets for the POCONO 400 (June 9, 2013) and PENNSYLVANIA 400 (August 4, 2013); the Philadelphia Film Festival (October 18-28, 2012); and a variety of Villanova Athletics sporting events, among additional local events and attractions. Ticket inventory in categories such as sporting events, concerts, cultural events and family-friendly attractions will be added regularly.
Tickets will be sold at select Philadelphia-area Redbox locations starting today and will roll out to all kiosks in the market by mid-October. They can also be purchased online at www.redbox.com/tickets. Consumers will have the option to print their tickets at home or in some cases, pick them up at the event venue.
"With the introduction of Redbox Tickets, we see Redbox becoming a new point of discovery for local events and attractions -- a win for consumers, venues, inventory owners, Redbox and Redbox retail partners," said Mark Achler, senior vice president of new business, innovation and strategy, Redbox.
Consumers who are interested in discovering local entertainment at Redbox can go to their local Philadelphia market kiosk or to www.redbox.com/tickets. Venues, event owners, attractions, team owners or ticketing companies that are interested in partnering with Redbox to make their inventory available to both a national and local audience can also go to www.redbox.com/tickets to learn more or email Redbox at SellTickets@redbox.com.
New Era Tickets and Sparkart are key launch partners of Redbox Tickets. New Era Tickets and Redbox have collaborated to enable New Era Tickets' ticketing clients to print Redbox Tickets at home.
Redbox Automated Retail, LLC, a wholly-owned subsidiary of Coinstar, Inc. (NASDAQ: CSTR), offers new-release DVD, Blu-ray Disc™ and video-game rentals through its network of conveniently located, self-service kiosks. Redbox has rented more than 2 billion discs and is available at approximately 38,500 kiosks across 31,500 locations nationwide, including select McDonald's restaurants, leading grocery, drug and convenience stores, select Walmart locations and Walgreens locations in select markets. For more information, visit redbox.com.
Safe Harbor for Forward-Looking Statements
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including phrases conveying expectation or intent and other expressions identifying future performance. Forward-looking statements are not guarantees of future performance which may vary materially from performance expressed or implied in the forward-looking statements. Differences may result from actions taken by Coinstar, Inc. or Redbox as well as those of third parties and from risks and uncertainties beyond our control. Such risks and uncertainties include, but are not limited to, changes in the rollout timing for tickets, ability to obtain or maintain adequate inventory, our ability to attract new partners and penetrate new markets and distribution channels and the termination, non-renewal or renegotiation on materially adverse terms of contract terms with our suppliers and retailers. The foregoing risks and uncertainties are illustrative, but by no means exhaustive. For more information on factors that may affect future performance, please review "Risk Factors" described in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission. These forward-looking statements reflect Coinstar, Inc.'s expectations as of the date of this release. Coinstar, Inc. undertakes no obligation to update the information provided herein.