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Redbox DVD kiosks penetrate Manhattan market
March 5, 2009
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ClaudeVariety.com:Redbox, an operator of DVD kiosks, is bringing its self-service entertainment offering to the Big Apple. The company has installed its first two DVD rental kiosks in Manhattan. The move comes just one day after brick-and-mortar retailer Blockbuster hired law firm Kirkland & Ellis for advice on how to address roughly $370 million in debt to expire in August. The company said it will discuss its attempts to refinance the debt during its earnings call later this month.
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