Uh-oh! Coinstar (CSTR) Just Got Another Leg-Up on Netflix (NFLX)

Traders are finally taking profits in shares of Netflix (Nasdaq: NFLX) Tuesday following a 40-plus percent rally over the first five trading sessions of 2012. The stock last traded at $95.95, down 2.3 percent from Monday's close.

Investors in the stock are also responding to a mid-day release from Warner Bros Home Entertainment which disclosed an agreement between the company and Netflix to extend the sales-only window for Theatrical New Release and made-for-video titles on DVD and Blu-ray Disc from the current 28 days to 56 days.

"Netflix wants to ensure members have continued secure access to Warner Bros. DVDs and Blu-ray discs and, as such, is accepting the 56 day holdback," said Netflix Vice President of Content Anna Lee.

There's a key to the statement there: where's Coinstar (Nasdaq: CSTR)? Last week the stock dipped following reports the company would be subject to double the wait for new releases from Warner Bros...

While Coinstar has since issued a statement to Bloomberg saying Redbox's 28-day rental window is unchanged, does this mean:

• the rule is only imposed on Netflix; and/or
  
• Coinstar is balking at Warner's demands and soon wont be able to rent any of the movies?

Action in shares of Coinstar as the Netflix/Warner Bros. release hit the wires is little help as to where this story will go. After initially moving lower (as much as 2.1 percent) following the release, Coinstar shares are now only slightly lower from where the stock was trading prior to the release. The stock last traded at $44.07, up 2 percent from Monday's close.

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