Redbox clarifies plans for subscription-based streaming Netflix rival

By on February 18, 2011 at 2:00 AM.

Redbox clarifies plans for subscription-based streaming Netflix rival

In a meeting with analysts, Redbox President Mitch Lowe reaffirmed the Coinstar-owned company’s plans to launch a Netflix “Watch Instantly” competitor this year. Coinstar CEO Paul Davis first confirmed the forthcoming service last year during an earnings call, though he would not specify whether the company’s Internet streaming service would utilize an all-you-can-eat pricing model or and a la carte model. Lowe has now confirmed that the service will be subscription-based, but he did not indicate price points for the service.┬áRedbox currently owns and operates a large network of unmanned DVD rental kiosks located throughout the country. These self-service kiosks, which are stocked with new releases and popular recent titles, allow customers to rent DVDs for as little as $1. Redbox still has not revealed a partner for its upcoming streaming service, though rumors suggest Amazon may be the most likely candidate. More →

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Redbox is ready to think outside the box; streaming service launches next year

By on October 29, 2010 at 9:00 PM.

Redbox is ready to think outside the box; streaming service launches next year

On an earnings call Thursday, Coinstar CEO Paul Davis confirmed that subsidiary Redbox would soon expand its portfolio to include a streaming product. Redbox currently owns and operates DVD movie rental kiosks situated in and around highly trafficked partner stores across the country. These unmanned kiosks allow customers to rent DVDs at low prices using an automated vending system. Customers are then charged for each day they keep the DVDs until they are returned. In an effort to compete further with rival Netflix, which now offers a popular streaming service called Watch Instantly, Redbox will introduce a Web-based streaming service some time next year. Though the service is expected to provide unlimited streaming for a fixed monthly price, Davis wouldn’t commit when asked whether the company would offer an all-you-can-eat model or an a la carte option similar to Apple’s iTunes model. Redbox’s kiosks played a major role in toppling the once-dominant Blockbuster, and it is likely safe to assume it will attack the streaming market just as aggressively. More →

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