Redbox developing an online streaming service to compete with Netflix?

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.

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