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"This acquisition is a major step forward in NCR's strategy of becoming the leading provider of self-service entertainment solutions and will deliver the best and broadest media offerings to our customers through our partnership with Blockbuster," said John Bruno, executive vice president of NCR Industry Solutions Group. "As the global leader in self-service solutions, NCR is applying our expertise to the entertainment industry to offer consumers a fast, easy and convenient way to buy and rent movies, music and video games."
In the fall of 2008, NCR began a strategic alliance with Blockbuster Inc., a leading global provider of media entertainment, to deploy Blockbuster Express-branded DVD rental kiosks in a successful pilot program that was the first step of a national rollout of thousands of units.
NCR purchased the remaining equity in TNR Holdings Corp. from TNR shareholders including MCG Capital Corp., a specialized financial services company and financial advisor. 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 had been a minority investor in TNR since the summer of 2008. NCR has purchased the remaining equity and debt in TNR for cash considerations. Terms were not disclosed.
Dayton, Ohio-based NCR is a global technology company; its assisted- and self-service solutions and support services address the needs of retail, financial, travel, healthcare, hospitality, entertainment, gaming and public-sector organizations in more than 100 countries.
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