Verizon and Redbox’s parent, say the service will be national
The as-yet-unnamed service will accompany Redbox’s existing DVD and Blu-ray rental kiosks, with subscription services “and more” for streamed video using Verizon’s on-demand and download system.
Exactly what content will be available to stream is unclear. With Verizon involved, streaming directly to phones and tablets looks like a given.
Verizon will own 65% of the new venture, with Redbox picking up the remaining 35%. The two companies say they’ll announce more pricing details, as well as branding, closer to launch, which is expected to be this summer.
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