Redbox and Verizon have finally unveiled their plans for a new media streaming site: Redbox Instant by Verizon.
Coinstar, Redbox’s parent company and partner Verizon revealed that the company’s services will compete head-to-head with similar services such as Netflix, and Hulu.
The beta for the site will be launching later this month and offers three plans. The first plan begins at $8 per month and will offer unlimited streaming along with four single night credits per month for new DVD release rentals from the iconic red kiosks. The second plan, only $9, allows customers to redeem their credits for Blu-Ray rentals.
A streaming only plan will also be available at just $6 per month.
The companies have an agreement with the TV network EPIX and it’s studio partners Paramount Pictures, Lionsgate, and MGM for streaming content that would become available 90 days after the films premiers in the traditional premium window.
The service will also provide electronic sell through and video on demand versions of new releases from the studios, NBCUniversal, Relativity, and Sony Pictures Home Entertainment. The companies are also reportedly in the middle of negotiations with Warner Brothers Home Entertainment as well.
Content will obviously be available online along with being offered on tablet, mobile, and home entertainment devices.
Do you think you’ll make the switch over to Redbox Instant by Verizon?