DAYTON, Ohio — NCR here announced yesterday that it has purchased the remaining equity in TNR Holdings Corp., the second largest DVD kiosk operator in North America.
Based in Houston, TNR operates DVD rental kiosks under the brands MovieCube and The New Release in supermarkets and grocery stores throughout North America.
NCR said it will leverage TNR’s operator skills and retail merchandising experience as it accelerates the installation of Blockbuster Express-branded DVD rental kiosks in retail locations such as supermarkets and convenience stores. In the fall of 2008, NCR began a strategic alliance with Blockbuster to deploy Blockbuster Express-branded DVD rental kiosks.
NCR, which had been a minority investor in TNR since the summer of 2008, purchased the remaining equity and debt in TNR for cash considerations; terms were not disclosed.
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