Verizon, Coinstar To Create Netflix Movie Streaming Rival

Law360, New York (February 6, 2012, 6:15 PM EST) -- Verizon Communications Inc. has reached a deal to add streaming video services to Coinstar Inc.'s Redbox movie rental kiosks through a new joint venture set to take off in the second half of 2012, the companies said Monday, raising the specter of a new Netflix Inc. competitor.

The combination will provide access to the new releases on DVD and Blu-ray already available at Redbox kiosks as well as video-on-demand streaming and download services provided by Verizon. The tie-up creates the next rival for Netflix, which struggled...
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