The New Release (TNR), a Houston-based company, plans to add 1,000 of their Moviecube DVD rental kiosks in North America by the end of 2008. Specifically the kiosks are going to Canada, where they'll be installed in Loblaws grocery stores.
TNR's move was spurred, at least in part, by an influx of cash from a venture capital firm. They're second only to Redbox in the number of rental kiosks currently in service. Redbox's kiosk offerings include many found at parent company McDonald's restaurant locations.
“Expanding into Canada, where movie rental customers have shown a veracious appetite for DVD rentals, is a much anticipated move for us,” said Tim Belton, chief executive officer of TNR, in a statement.
“Expanding into Canada, where movie rental customers have shown a veracious appetite for DVD rentals, is a much anticipated move for us,” said Tim Belton, chief executive officer of TNR, in a statement.
