CVS Caremark in deal with Redbox

Woonsocket, R.I. CVS Caremark Corp. said Thursday that it has forged an agreement with Coinstar to put DVD rental kiosks in 700 CVS drug stores by the end of this year.

Redbox Automated Retail said the DVD kiosks will be in thousands of locations by the end of 2011.

The companies did not disclose terms of their agreement.

Customers can use the kiosk to find a movie, rent it with a credit-card payment, and then return it to any Redbox location. They can also reserve a movie online and choose a kiosk to pick up the DVD.