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Redbox is hiking its DVD rental prices by 20 percent beginning October 31, 2011.  Rental fees at the company’s kiosks will rise from a dollar to a dollar and 20 cents per DVD. 

Parent company Coinstar’s stock dropped nearly ten percent on yesterday’s announcement.  Company CEO Paul Davis says the increase is needed because of new federal mandates regulating debit card transaction fees.

-MetroSource

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