Paul Davis
CEO, Coinstar

With all the buzz around content streaming, it's easy to overlook Redbox, pioneer of the $1-a-night DVD rental. What began as an experimental subsidiary of Coinstar in 2004 has evolved into one of the company's biggest money makers, so much so that it raised forecasts for its first quarter 2012 earnings, driven by larger-than-expected customer interest in Redbox. To get there, Davis fought several hard-won legal battles with movie studios concerned that the company would further eat away at DVD sales. And expect the Redbox business to expand even further thanks to the $100 million acquisition of NCR Corp.'s entertainment business, the unit behind the Blockbuster Express brand, as well a new streaming service in partnership with Verizon, due out the second half of this year, that could give Netflix's own instant service a run for its money.


By JP Mangalindan @FortuneMagazine - Last updated May 14 2012: 6:12 PM ET
Join the Conversation
Most Popular
 
 
 
 
 

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.