NCR exits DVD rental biz through Redbox deal

OAKBROOK TERRACE, Ill. — Automated retail kiosks operator Redbox has agreed to purchase assets from NCR's entertainment line of business, including DVD kiosks, certain retailer contracts and DVD inventory.

NCR, which will be paid up to $100 million for the assets by the Coinstar subsidiary, said the business move is part of an effort to focus on other targeted industries.

In line with the assets purchase, Coinstar said it will also will enter into a strategic supplier arrangement where it will purchase product and services from NCR.

The transaction is subject to regulatory approval and is expected to close in third quarter 2012.