Agreements include NCR Xpress Entertainment kiosks and managed services contract to assure high availability
DAYTON, Ohio, and HOUSTON – NCR Corporation (NYSE: NCR) and TNR Entertainment Corporation announced they have signed agreements that will help bring greater competition to the market for movie rental kiosks and offer more entertainment choices to consumers. TNR is the second-largest operator of movie rental kiosks in North America, under The New Release and MovieCube brands, and is the movie kiosk leader in the grocery channel with approximately 2,200 units deployed. NCR is the global leader in assisted- and self-service technology solutions across multiple industries.
Naming NCR as its exclusive supplier of self-service technology and services, TNR said it intends to place volume orders for NCR Xpress Entertainment DVD vending kiosks this year and in 2009.
In addition, TNR signed a multiyear Managed Services agreement with NCR, focused on kiosk high availability, which is critical in the consumer self-service market. With its suite of Managed Services, NCR is able to offer a turnkey solution that allows enterprises to deploy quickly and focus on growing their business.
NCR also announced it has made a minority equity investment in TNR. Terms of the transaction were not disclosed.
“NCR’s technology, combined with its development resources and global services capabilities, will help provide TNR the resources we need to continue our success going forward,” said TNR President and Chief Executive Officer Tim Belton. “This agreement will help unify our fleet of kiosks onto a single software platform, improve our quality of service to consumers and enable TNR to meet growing demand from our channel and distribution partners.”
The NCR Xpress Entertainment portfolio includes a multichannel software platform and a high-capacity DVD vending kiosk that enables rentals, sales of shrink-wrapped media or a combination – with a capacity of nearly twice that of competing units on the market today. Other NCR Xpress Entertainment options include digital download kiosks, as well as bare-disk handling capabilities and support for other types of digital media such as music and video games. NCR also offers the ability for consumers to interact via the Internet or their mobile devices.
“NCR is pleasedthat a market leader like The New Release/MovieCube has adopted the NCR Xpress Entertainment platform,” said NCR Chairman and Chief Executive Officer Bill Nuti. “This further validates our strategy of expanding NCR self-service solutions beyond our traditional financial and retail industry strongholds into adjacent markets such as travel, healthcare and entertainment.”
About TNR Entertainment Corporation
TNR Entertainment Corp., a privately held company based in Houston, is the market leader in the self-service DVD rental category in the grocery channel across North America. It operates under both The New Release and MovieCube brands. TNR operates kiosks in such grocery chains as Dillon’s, Food-4-Less, Fry’s, H-E-B, Kroger, King Soopers, Publix, Quality Food Centers, Ralph’s and Schnuck’s in the United States, and Loblaws, Overwaitea and Sobeys in Canada. TNR is majority owned by MCG Capital Corporation (NASDAQ: MCGC), a leading specialized financial services company and financial advisor.
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 (www.ncr.com) is headquartered in Dayton, Ohio.
# # #
NCR is a trademark of NCR Corporation in the United States and other countries.
Media Contacts
Robert (Kelly) Kramer
NCR Corporation
(770) 623-7215
kelly.kramer@ncr.com
Jenna Mitchell
For The New Release/MovieCube
(214) 217-7300
jmitchell@piercom.com
LinkedIn
Facebook
YouTube
Twitter
RSS