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COINSTAR Thursday reported that third-quarter profit rose sharply as revenue surged on growing demand for its products and on the sale of its entertainment services business. |
MARKET MOVERS
Coinstar drops on suit against studios
Coinstar slumped after the owner of Redbox movie rental kiosks said lawsuits against three Hollywood studios may limit its access to some new movie titles. Coinstar is buying DVDs from other outlets to get titles not available directly from the studios, the Bellevue, Wash., firm said. Redbox has sued Twentieth Century Fox, Universal Pictures, and Warner Bros. to gain quicker access to DVDs.
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