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 Additionally, Outerwall announced a leadership transition as Redbox president Anne Saunders has left the business. Pursuant to this, Leadership roles for Redbox would be managed on an interim basis by the existing Redbox executive team, overseen by Di Valerio, until the post is filled on a permanent basis. Outerwall would begin a search process and expects to fill the role in the coming months. Further to the savings from the reduced spending in New Ventures, Outerwall is implementing actions to reduce costs by approximately $22 million annually beginning in 2014, primarily through workforce reductions across the enterprise.