Coinstar (Redbox) CEO selected as Fortune's 2012 Business Visionaries

[Kosty]

10 brilliant technology visionaries

From e-books to enterprise services, here are the most visionary leaders on this year's Fortune 500 list.

FORTUNE 500 2012

10 brilliant technology visionaries


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.

http://money.cnn.com/galleries/2012/...une/index.html

[Kosty]

Coinstar Chief Executive Ranked Fourth Among Fortune's Top Ten Technology Visionaries

Paul Davis recognized for contributions to Coinstar's continued growth and innovation.


PR Newswire
BELLEVUE, Wash., May 16, 2012

BELLEVUE, Wash., May 16, 2012 /PRNewswire/ -- Coinstar, Inc. today announced that Chief Executive Officer Paul Davis has been ranked fourth by Fortune magazine on its Fortune 500 List: Technology Visionaries. Davis is recognized among an esteemed group of Fortune 500 business leaders for his success in expanding the Redbox self-service movie and video game rental business from an innovative young company, to what is today an industry-disrupter and leader in movie rentals.

"On behalf of Coinstar and the Redbox leadership, I am extremely honored to be included on Fortune's list among such respected and admired visionaries," said Paul Davis, CEO of Coinstar, Inc. "I share this honor with the entire company and its unwavering commitment to continued growth and innovation. As we reimagine the retail experience, we will continue to innovate within our core businesses and develop new automated retail concepts that better meet the changing needs of consumers and society."

According to the article recently published by Fortune magazine, Davis helped steward Redbox's growth through the pending purchase of NCR Corp.'s DVD rental kiosks and the announcement of a new streaming service partnership with Verizon.

Redbox's revenue for the first quarter of 2012 was $502.9 million, a 38.8 percent increase compared with the first quarter of 2011.

About Fortune 500 List: Technology Visionaries
The top ten Technology Visionaries include the most visionary leaders on this year's Fortune 500 list. The ranking of these leaders can be viewed at http://money.cnn.com/galleries/2012/...une/index.html.

About Coinstar, Inc.
Coinstar, Inc. (Nasdaq: CSTR) is a leading provider of automated retail solutions offering convenient services that make life easier for consumers and drive incremental traffic and revenue for retailers. The company's core automated retail businesses include the well-known Redbox® self-service movie and video game rental and Coinstar® self-service coin-counting brands. The company has approximately 36,800 DVD kiosks and 20,200 coin-counting kiosks in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, and restaurants. For more information, visit http://www.coinstarinc.com/.

SOURCE Coinstar, Inc.

http://www.bizjournals.com/prnewswir.../05/16/SF08184

[Kosty]

Coinstar’s Davis Makes ‘Fortune’ List

21 May, 2012
By: Chris Tribbey


Paul Davis

Coinstar CEO Paul Davis had been ranked No. 4 among Fortune Magazine’s top ten Technology Visionaries list.

According to Fortune, Davis was recognized for helping drive Redbox’s growth in the DVD rental industry through the pending acquisition of NCR Corp.’s DVD rental kiosks and because of a new streaming service partnership with Verizon.

Redbox posted revenue of $502.9 million for the first quarter of 2012, a 38.8% increase compared with the first quarter of 2011.

“On behalf of Coinstar and the Redbox leadership, I am extremely honored to be included on Fortune’s list among such respected and admired visionaries,” Davis said. “I share this honor with the entire company and its unwavering commitment to continued growth and innovation. As we re-imagine the retail experience, we will continue to innovate within our core businesses and develop new automated retail concepts that better meet the changing needs of consumers and society.”

http://www.homemediamagazine.com/peo...une-list-27323