Coinstar
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Formerly called
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Coinstar, Inc. (1991–2013) |
|---|---|
| Private | |
| Industry | Entertainment, DVD Rental, Coin Counting Machines, Mobile Product Recycling |
| Founded | February 1991 (as Coinstar, Inc.) Bellevue, Washington, U.S. |
| Founder | Jens Molbak Dan Gerrity |
| Headquarters | Bellevue, Washington, U.S. |
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Area served
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North America & Europe |
| Services | Redbox DVD Kiosks, Coin Counting Services, Mobile Device Recycling, E-Payment Services |
| Revenue | US$ 1.85 billion (2011) |
| US$ 209 million (2011) | |
| US$ 104 million (2011) | |
| Total assets | US$ 1.48 billion (2011) |
| Total equity | US$ 531 million (2011) |
| Owner |
Apollo Global Management (2016-present) |
|
Number of employees
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1,800 (2008) |
| Subsidiaries |
Redbox Coinstar EcoATM Gazelle |
| Website | www.outerwall.com |
Outerwall Inc. (formerly Coinstar, Inc.) is an American company with a network of movie and video game rental kiosks as well as coin-cashing machines. The firm's original focus was the conversion of loose change into paper currency, donations and gift cards via coin counter kiosks. Outerwall operates Coinstar machines which deduct a fee for conversion of coins to banknotes, and Coinstar Exchange for gift cards. The company also owns the Redbox DVD rental service.
Outerwall's kiosks are in the front of stores (between the cash registers and the exit/entrance). Outerwall has more than 60,000 kiosks including a variety of services in the US, UK, Ireland, Canada, Puerto Rico and Mexico.
Outerwall also produces machines that provide prepaid credit cards, cellular phone cards, tickets to concerts, and e-payment kiosks. It is also developing kiosks for pharmaceutical dispensing.
On July 2, 2013, Outerwall started trading on the NASDAQ as OUTR, changing its name from Coinstar.As of 2016, It now owned by Apollo
The company was founded in 1991 as Coinstar, Inc. and is headquartered in Bellevue, Washington.
Outerwall cooperated with the US Mint in the introduction of the Golden Dollar at the beginning of the millennium and encouraged people to use coins rather than notes.
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Wikipedia