4 Things to Know About Redbox’s New Streaming Video

by Nate Wooley | November 30, 2012 11:12 am

[1]A new streaming video service carrying the Redbox name is close to launch.

Redbox Instant — a partnership between Verizon (NYSE:VZ[2]) and Coinstar (NASDAQ:CSTR[3]) — aims to compete directly with Netflix (NASDAQ:NFLX[4]). While the companies are being very quiet about the development of Redbox Instant, some details have leaked out, reports GigaOm[5].

The service initially will be available on the web, Google (NASDAQ:GOOG[6]) Android and Apple (NASDAQ:AAPL[7]) iOS devices, Microsoft‘s (NASDAQ:MSFT[8]) Xbox, and select television and Blu-ray systems. At the start, the number of videos available for streaming will be understandably smaller than Netflix’s current catalog.

Here are a few more things about the service:

• Launch date is tentatively Dec. 17.
• Cost for the service: $6 per month.
• An extra $2 per month gets subscribers four Redbox rental credits per month.
• Rentals for newer titles will start at 99 cents.

More stories about streaming services:

• Amazon Prime Tests Netflix-Style Monthly Pricing[9]
• Netflix Can’t Win the Streaming Media War[10]
• What to Know About Boxee TV[11]

Source URL: https://investorplace.com/2012/11/4-things-to-know-about-redboxs-new-streaming-video/

---