Redbox Instant from Verizon set to challenge Netflix and Amazon this holiday season

By on September 26, 2012 at 8:30 PM.

Redbox Instant from Verizon set to challenge Netflix and Amazon this holiday season

Redbox Instant Release Date Verizon

After months of speculation, Verizon (VZ) and Coinstar (CSTR) earlier this year announced a joint video streaming service to compete with Netflix (NFLX) and Amazon (AMZN) Instant Video. The service, called Redbox Instant by Verizon, is being tested in the homes of roughly 500 Verizon employees and is set to become available by the end of the year. Eric Bruno, Verizon’s vice president of strategy and planning for consumer and mass business markets, said that Redbox Instant will initially focus on newer movies, Bloomberg reported. The service will require a monthly subscription and — along with online streaming, rental and purchasing — will offer customers access to DVDs from Coinstar’s 40,000 Redbox kiosks. Bruno revealed Redbox Instant by Verizon will launch “between late November and mid-December.” More →

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Verizon, Redbox get ready to go toe-to-toe with Netflix

By on July 24, 2012 at 8:25 PM.

Verizon, Redbox get ready to go toe-to-toe with Netflix

Redbox Instant Netflix Rival Testing

Remember when Verizon (VZ) and Coinstar’s (CSTR) Redbox agreed earlier this year to create a joint video streaming service? Well, it seems the two companies are finally ready to start testing it out, as All Things D reports the new service is undergoing alpha testing with the hopes of launching later this year. But as the report states, users should keep their expectations somewhat low when it comes to the new Redbox Instant service, since it will likely focus more on movies than popular television shows and it probably won’t feature a lot of hot recent releases since “Hollywood studios weren’t excited about giving Netflix (NFLX) access to relatively recent films for its service, and I don’t think they’ll treat Redbox Instant any differently.” More →

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Redbox surpasses 2 billion movie and video game rentals

By on March 7, 2012 at 9:35 PM.

Redbox surpasses 2 billion movie and video game rentals

Redbox announced this week that the company crossed the two billion mark for movie and video game rentals. It will celebrate the milestone by offering a free, one-night movie rental with the code “THANKS2U” for one day only on Thursday. Redbox has seen substantial growth over the past 18 months, with one billion additional rentals, a feat that previously took six years to accomplish. “We’ve always known how much America loves easy, affordable entertainment, and today we can prove it two billion times over,” said Scott Di Valerio, chief financial officer of Redbox parent company Coinstar. “Just 18 months ago, we rented our one billionth DVD and we couldn’t be more excited to celebrate this remarkable second rental milestone with our customers.” Read on for Redbox’s press release. More →

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New Verizon, Redbox joint venture to offer Netflix-like video streaming

By on February 6, 2012 at 7:45 PM.

New Verizon, Redbox joint venture to offer Netflix-like video streaming

Verizon and Redbox-owner Coinstar on Monday announced a new joint venture in which the two companies will offer a new streaming video service. The joint venture was originally called “Project Zoetrope” and initial details began to surface in December of last year. It’s still unclear what the joint venture will be called or what exactly each company’s role will be, however Verizon said that the companies will begin to offer a “video on demand streaming and download service” that will no doubt compete directly with services such as Netflix and Vudu. Verizon’s press release follows below. More →

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Verizon and RedBox may be plotting movie streaming partnership for early 2012

By on December 9, 2011 at 12:00 AM.

Verizon and RedBox may be plotting movie streaming partnership for early 2012

On Wednesday we reported on a story that suggested Verizon may be planning to challenge Netflix by launching its own video streaming service. Now, it appears the communications giant is secretly working with RedBox, the popular $1.00 video rental kiosk company, on a streaming service that could launch next year. According to TechCrunch, the plan is currently called “Project Zoetrope” and it will allow users to subscribe, download and stream movies and television shows across a variety of platforms including Roku, web browsers, Xbox, Google TV, Android and iOS. Like competing services such as Vudu, both HD and SD resolutions will be available for rental. TechCrunch said pricing will be based on a monthly credit allotment. A user, for example, might buy 10 credits for $9.95 per month, which would allow him or her to stream a certain number of shows or movies. Apple, Amazon, Google, Netflix, Vudu and others are already members of the crowded digital movie rental space, so Verizon and RedBox will certainly face stiff competition if they’re looking to enter this market.  More →

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Redbox ups daily DVD rental fee to $1.20

By on October 28, 2011 at 6:55 PM.

Redbox ups daily DVD rental fee to $1.20

Following parent company Coinstar’s third-quarter earnings report, Redbox announced that daily DVD rental fees have increased to $1.20 from $1. “The price change is based on an increase in operating costs, including higher debit card fees that went into effect October 1,” Redbox said in a statement on its website. “This is the first time in eight years Redbox has raised our daily DVD rental price.” Redbox will continue to charge $1 for the first day of each DVD rental during a promotional period from October 31st through November 30th, though additional days will be charged at the new rate of $1.20 per night. Rates for Blu-ray ($1.50 per day) rentals and video game rentals ($2 per day) are not affected by this change. More →

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Blockbuster tries to lure customers back following acquisition

By on August 2, 2011 at 7:00 AM.

Blockbuster tries to lure customers back following acquisition

Following bankruptcy and an ensuing acquisition at auction, Blockbuster is now trying to lure back the hordes of customers it lost to competitors like Redbox and Netflix. A BGR reader sent us a letter that Blockbuster is circulating to recent defectors in an effort to win back their business in a post-Dish Network world. Among the carrots Blockbuster is currently dangling are a free 30-day Total Access trial and a “special rate,” though that special rate is not disclosed in the email. Blockbuster’s Total Access service was created as a direct response to Netflix, offering DVD rentals by mail just as Netflix does, though Blockbuster’s option is now more affordable following Netflix’s price hikes. Of course Total Access used to be a much more attractive option than it is in its current state, but the lower pricing and the quicker availability of new titles could be attractive benefits over rival Netflix. Blockbuster’s letter to former Total Access customers can be found below. More →

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Redbox to adds video games to 5,000 more kiosks

By on July 29, 2011 at 5:01 AM.

Redbox to adds video games to 5,000 more kiosks

Redbox on Thursday announced that it will add video game rentals to an additional 5,000 kiosks beginning August 1st. The company announced last month that game titles for the Microsoft Xbox 360, Sony PlayStation and Nintendo Wii would be added to 16,000 more redbox kiosks by the end of June, and the total after this coming round of additions will approach 27,000. Redbox owns and operated approximately 33,000 rental kiosks around the country, and the company did not indicate if or when video games might be added to the remaining 6,000 kiosks. “Whether customers are playing a new game or genre, trying a game before they buy it or simply entertaining friends and family, they’re embracing the availability of games at redbox,” said Joel Resnik, vice president of video games, in a statement. Company president Mitch Lowe continued, “More than 1.5 billion movie rentals and the positive consumer reaction to video games highlight the ongoing demand for physical media.” All game titles carried in redbox kiosks can be rented for $2 per night. Redbox’s full press release follows below. More →

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Redbox launches $2 per day video game rental service

By on June 17, 2011 at 9:45 PM.

Redbox launches $2 per day video game rental service

Redbox on Friday added game rentals to its arsenal at rental kiosks across the country. Video game rentals had previously been available for some time at approximately 5,000 Redbox kiosks spread throughout the U.S. in a beta phase. Now, Redbox is adding video games to another 16,000 kiosks this month, though it is not clear if or when Redbox plans to add games to the remaining 6,000 kiosks it owns and operates. Popular video game titles for Microsoft’s Xbox 360, Sony’s PlayStation and Nintendo’s Wii consoles will cost $2 per day to rent, and the procedure works just like movie rentals — titles can be rented indefinitely and Redbox will keep charging its daily rate until the title is returned. If a title is kept for 25 days, a one-time fee is charged ($25 for DVDs, $34.50 for Blu-ray Discs and $50 for video games) and the disc no longer needs to be returned. More →

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Facebook streaming movie trial sets sights on Netflix

By on March 8, 2011 at 10:11 AM.

Facebook streaming movie trial sets sights on Netflix

The Warner Bros. blockbuster The Dark Knight has become the first title to be made available for rental on Facebook, giving us our first glimpse of what ultimately could be a truly disruptive home entertainment product. Executives at Netflix, Hulu, Redbox and other similar services were no doubt squirming in their seats on Tuesday morning following the announcement that users can now use Facebook credits to rent The Dark Knight for $3. One rented, the movie can be streamed directly from the movie’s Facebook fan page for 48 hours. “Facebook has become a daily destination for hundreds of millions of people,” said Thomas Gewecke, President of Warner Bros. Digital Distribution, in a statement. “Making our films available through Facebook is a natural extension of our digital distribution efforts. It gives consumers a simple, convenient way to access and enjoy our films through the world’s largest social network.” Warner Bros. said it also plans to make digital movies available for purchase via Facebook. Hit the break for Warner Bros.’ full press release. More →

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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. Redbox 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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Redbox developing an online streaming service to compete with Netflix?

By on July 20, 2010 at 6:35 AM.

Redbox developing an online streaming service to compete with Netflix?

RedboxWalmartPhoto

Redbox is reportedly exploring possibilites to expand its movie rental service beyond kiosks and onto the Internet. According to Redbox President Mitch Lowe, Redbox is considering a web service to to expand the availability of its 100,000 movie catalog and to make it easier for consumers to access its service. Initial details are not expected to be unveiled until October but the movie rental company could benefit from a strong online offering. With Blockbuster on the decline and interest in online streaming exploding, Redbox has an opportunity to grab some market share before the field gets over-crowded. More →

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