NCR sells Blockbuster Express kiosks
The company is posting a $12 million gain on the transaction after write downs, taxes and the cost of getting rid of some inventory that wasn't sold.
At the beginning of the year, NCR had 10,000 Blockbuster Express movie rental kiosks. The three-year-old business lost $50 million in 2010 and $60 million in 2011.
NCR announced its decision to sell the division in February, several months after it acquired the Alpharetta hospitality technology company Radiant Systems.
The company did not say how many employees were affected by the sale, but said previously that no workers were going to Redbox.
About the Author
Arielle Kass covers Gwinnett County for The Atlanta Journal-Constitution. She started at the paper in 2010, and has covered business and local government beats around metro Atlanta. Arielle is a graduate of Emory University.
