Verizon teams up with Redbox to take on Netflix

Verizon Communications Inc. is all set to enter the online streaming industry in partnership with Redbox to challenge the likes of Netflix. Verizon and Coinstar Inc. the company behind Redbox, made the announcement public, the service offered will be throughout the U.S and can be used also by non-Verizon customers. The move comes as no surprise, as Verizon has set its sights on becoming a leader in home entertainment as it already owns a cable-TV service.

The business model is somewhat close to what Netflix and Dish Network Corp already offers, combining the delivery of Internet movies along with DVD’s. The fine print about the deal has not yet been revealed, although pricing is expected to be way below the $16 mark, which is the minimum subscription for combined DVD-by-mail and streaming plan through Netflix.

 

Switch to our mobile site