Coinstar Vending Machine Expansion Slows, Looks To New Areas

Coinstar plans to double its revenue to $4 billion in the next five years through new automated-retail machines in different sectors and new ways of using its traditional kiosks, according to the Corporate Intelligence blog of the Wall Street Journal. At its coin machines, Coinstar is partnering with PayPal and gift card exchange providers. At Redbox, the company is combing the physical DVD rentals with streaming content and selling tickets to local events. Coinstar also is developing kiosks in food/beverage and electronic sectors believed to hold $16 billion in possible consumer spending. The Rubi coffee dispensers, machines that make multiple drinks with Starbucks and Seattle’s Best coffee, is projected to be an $800 million market. Full article.