Verizon, Redbox Combine For Streaming Video
NEW YORK – Taking aim at Netflix, Verizon says it will start a video streaming service later this year in cooperation with Redbox and its DVD rental kiosks.
Verizon (VZ) and Coinstar (CSTR), Redbox's parent, say the service will be national, apparently setting it up to also compete with Verizon's own FiOS TV service in some areas.
The partners didn't reveal prices or other details of the service. It's intended to give customers access to DVD and Blu-ray discs as well as streaming movies, they said.
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