Redbox Instant by Verizon Unveils Disc + Digital Movie Service

BELLEVUE, WA - Redbox Instant by Verizon, a joint venture between, Redbox, a subsidiary of Coinstar, Inc. and Verizon Communications Inc., unveiled details of its soon-to-launch service based on agreements with Hollywood studios and device manufacturers that will bring thousands of popular movies to consumers at home and on the go. The Redbox Instant by Verizon beta product will launch to consumers later this month.

The service, which offers movies for purchase (EST) and rental (VOD), includes streaming content agreement with EPIX Lionsgate, NBCUniversal, Paramount Pictures, Relativity and Warner Bros. Home Entertainment. It will launch via the web, as well as through home entertainment, tablet and mobile devices, including iOS, Android, Samsung Blu-ray Players and TVs with SmartHub, LG Smart TV and Blu-ray Players, and Google TV. More devices will be announced in the coming months.

Priced at $8.00 per month, Redbox Instant by Verizon offers a subscription package that combines unlimited streaming of thousands of popular movies, including titles from premium network EPIX, with four one-night credits per month for the latest movie releases on DVD at Redbox kiosks. For $1 more, or $9.00 per month, customers can opt to redeem their four credits for rentals on Blu-ray Disc at the kiosk. Customers can also use Redbox Instant by Verizon without a subscription and select new releases available for purchase or rental, or simply reserve for pick up at their local Redbox kiosk location.