Dayton, Ohio NCR Corp. on Tuesday said it has completed the purchase of TNR Holdings Corp., the second largest DVD kiosk operator in North America, according to the Dayton Business Journal.
NCR made the acquisition to accelerate the installation of Blockbuster-branded DVD rental kiosks in retail locations, such as supermarkets and convenience stores.
“This acquisition is a major step forward in NCR’s strategy of becoming the leading provider of self-service entertainment solutions,” said John Bruno, executive VP of NCR Industry Solutions Group.
NCR has purchased the remaining equity and debt in TNR for cash considerations. Other terms were not disclosed.
TNR operates DVD rental kiosks under the brands “MovieCube” and “The New Release” in supermarkets and grocery stores throughout North America. NCR had been a minority investor in TNR since the summer of 2008.
That same year, NCR began a strategic alliance with Blockbuster to deploy DVD rental kiosks in a pilot program that was the first step of a national rollout of thousands of units.