DALLAS and DAYTON, Ohio, Aug. 4 /PRNewswire-FirstCall/ -- Blockbuster Inc.
(NYSE: BBI, BBI.B), a leading global provider of media entertainment, and NCR
Corporation (NYSE: NCR), a global leader in self-service and assisted-service
technology, have entered into an agreement to deploy Blockbuster-branded,
state-of-the-art DVD vending kiosks in a pilot program that could be the first
step of a national rollout of thousands of units.
The initial deployment of 50 Blockbuster-branded kiosks should begin in
the third quarter of 2008 with all units expected to be installed by year-end.
The pilot vending kiosks will initially offer DVD rentals, but the machines
will allow for future applications, including digital downloads, and other
services, such as sales of DVDs and video games. The companies have not
announced the markets or site locations for the first units.
Earlier this year, Blockbuster and NCR announced an agreement to test
digital movie downloading kiosks in select Blockbuster locations. The first of
those units is expected to be installed in two Dallas stores this summer.
"With NCR's advanced technology, these machines will dispense a wide array
of DVDs and could offer digital downloading in the future, all under the
Blockbuster brand," said Jim Keyes, Blockbuster chairman and CEO. "This
initial rollout provides consumers increasingly convenient access to their
favorite movies and is one more step in the fulfillment of our mission to
transform Blockbuster into a multi-channel provider of media entertainment."
"This alliance with Blockbuster is an exciting step for NCR as we pursue
our mission of becoming the leader in the market for entertainment self-
service solutions," said Bill Nuti, NCR chairman and CEO. "Looking beyond
this initial deployment, our mutual goal is to have 10,000 kiosks installed
within 18 months. We are energized and thrilled to be such an integral part
of Blockbuster's strategy for providing consumers with greater choice and
Analysts are projecting DVD vending kiosks could grow by more than 60
percent over the next three years, increasing from 9,300 units at the end of
2007 to more than 22,400 by the end of 2010. Additionally, consumer spending
on movies from vending machines during that same period is expected to grow
from $197 million to more than $760 million.
Blockbuster Inc. (NYSE: BBI, BBI.B) is a leading global provider of
in-home movie and game entertainment, with more than 7,700 stores throughout
the Americas, Europe, Asia and Australia. The company may be accessed
worldwide at http://www.blockbuster.com.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a global technology company leading how the
world connects, interacts and transacts with business. NCR's assisted- and
self-service solutions and comprehensive support services address the needs of
retail, financial, travel, healthcare, hospitality, gaming and public sector
organizations in more than 100 countries. NCR (http://www.ncr.com) is
headquartered in Dayton, Ohio.
This release and our related earnings conference call include forward-
looking statements related to our operations and business outlook and
financial and operational strategies and goals. Specific forward-looking
statements can be identified by the fact that they do not relate strictly to
historical or current facts. These forward-looking statements are based on
management's current intent, belief, expectations, estimates and projections
regarding our company and our industry. These statements are not guarantees
of future performance and involve risks, uncertainties, assumptions and other
factors that are difficult to predict. Therefore, actual results may vary
materially from what is expressed in or indicated by the forward-looking
statements. Factors that may cause actual results to vary materially include,
among others: (1) consumer appeal of our existing and planned product and
service offerings, and the related impact of competitor pricing and product
and service offerings; (2) overall industry performance and the accuracy of
our estimates and judgments regarding trends impacting the home video
industry; (3) our ability to obtain favorable terms from suppliers, including
on such matters as copy depth and uses of product; (4) the variability in
consumer appeal of the movie titles and games software released for rental and
sale; (5) our ability to respond to changing consumer preferences, including
with respect to new technologies and alternative methods of content delivery,
and to effectively adjust our offerings if and as necessary; and (6) other
factors, as described in our filings with the Securities and Exchange
Commission, including the factors discussed under the heading "Risk Factors"
in our annual report on Form 10-K for the year ended January 6, 2008 and
additional disclosures in our quarterly report on Form 10-Q for the quarter
ended April 6, 2008 and in our quarterly report on Form 10-Q to be filed for
the quarter ended July 6, 2008. This cautionary statement is provided
pursuant to Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. The forward-looking statements in this
release and in our related earnings conference call are made only as of the
date hereof and we undertake no obligation to update publicly any
forward-looking statement for any reason, even if new information becomes
available or other events occur in the future.
SOURCE Blockbuster Inc.; NCR Corporation