Redbox and Verizon Joining Forces for a Streaming Movie Service

Illustration for article titled Redbox and Verizon Joining Forces for a Streaming Movie Service

Rumors had previously suggested Verizon and Redbox were working on a streaming movie service to go against the likes of Netflix, Amazon and Hulu. Those rumors were true. The two companies will offer video content on demand, but to what extent still remains to be seen.

According to All Things D's Peter Kafka, details are vague (as in, almost non-existent) aside from the basic fact that they will have digital content. But Kafka says that Verizon has a 65% stake in the partnership, which could prove favorable, given Redbox's moments of tension with the studios.

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But will people give up their Netflix subscriptions for this new streaming service? The initial rumors claimed this will be a subscription-based service. Can they possibly acquire content that Netflix has failed to up to this point? Those rumors also suggested no. Ugh. In any case, the two companies promise more details in the coming months, so stay tuned. [All Things D]

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DISCUSSION

jpachecofs
Mr Multiverse

But will people give up their Netflix subscriptions for this new streaming service?

If this new streaming service is under $10/month, and Redbox keeps its current model of per-day rentals, then I will switch my Netflix over to this. Netflix's streaming has been sufficient enough for me, and I find I rarely look forward to the physical disks anymore (yes I kept both). I'm really considering dropping the physical side of the sub and supplementing it with Redbox, but if RB has a streaming service that can beat out Netflix's, I'm on board all the way.