You might imagine that the plethora of enormous $100-200-million blockbusters set to hit theaters this summer would have executives at the big online rental outlets like Redbox and Netflix salivating. Well, you'd be wrong, Galen Smith, CFO of Redbox parent Coinstar, is here to tell you. As reported by Home Media magazine, Smith told the B. Riley & Co. Investor Conference in New York on Wednesday that consumers generally buy the big blockbusters but rent moves in the $50-100 million range. That smaller ranger, he indicated, represents rental's sweet spot. He added, I'd much rather have a lot of movies in that $50-100 million range, than a lot of blockbusters. Smith's remarks sent shares of Coinstar down almost 3 percent at midday trading in on the Nasdaq exchange.
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Kim Kardashian released an audio excerpt from a phone call between Kanye and Taylor Swift over the lyrics of 'Famous' - but if it was recorded...
There's very much a strength of conviction in remaining what you were, but arguably more so in becoming what you want to be.
The BBC drama starring Aidan Turner returns to BBC One on September 4th.
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