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New Details On Redbox-Verizon Streaming Service, Netflix Competitor

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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.

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Redbox To Acquire NCR’s Blockbuster Express For $100 Million, Boast "More Locations Than McDonald’s And Starbucks Combined"

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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

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