Redbox Acquires Patents11 Sep, 2007 By: Chris Tribbey
Redbox, the DVD kiosk service operated by McDonald's Ventures LLC and Coinstar Inc., has acquired two patents the company believes will be key to maintaining its DVD rental kiosk dominance.
“Automated Merchandise Dispensing and Retrieval System” recognizes Redbox's technology that allows consumers to rent DVDs from one location and return them to another, with Redbox tracking the DVD's trip. “Article Dispensing System” supports Redbox's method of installing new DVDs at the kiosks.
“Redbox continues to pioneer new technology,” said Redbox CEO Gregg Kaplan. “These new patents protect Redbox's technology and reinforce our leadership positions in the DVD rental business and growing contributions to automated retail.”