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Yesterday Coinstar, the parent company of Redbox, the 35,400-kiosk-strong movie-rental service, announced a joint venture with Verizon to provide a subscription-based streaming video service, thus positioning the companies in direct competition with Netflix, Hulu, and Amazon. Coinstar also announced that it would acquire NCR's entertainment business , which includes its former rival Blockbuster Express, adding more than 9,000 kiosks to Redbox's roster around the country. Now new details about the combined companies' plans have emerged.

Coinstar, the company behind DVD-kiosk service Redbox, today announced it had would acquire NCR's entertainment business for as much as $100 million. NCR, once the central rival to Redbox through its Blockbuster Express brand, operates thousands of kiosks which will now come under Redbox and Coinstar's control

The Coinstar subsidiary announces plans to partner with Verizon to compete with streaming video giants Netflix, Amazon, and Hulu. Coinstar subsidiary Redbox today announced a new partnership with Verizon for the launch of a streaming video service.

Only days after reporting $363.9 million in quarterly revenue and $79 million in operating income, up 34% and 99% year-over-year, respectively, DVD kiosk company Redbox has released some more impressive figures. With more than 27,000 kiosks spread across the country, the Coinstar-owned service is now seeing an average of 55 million monthly rentals and up to 40 rentals per second. That's a lot of movies circulating for a service that requires a trip to the local grocery store.