No more waiting in line in front of Walgreens to rent a DVD.
When you think of Redbox, you probably don’t think of streaming movies to your TV or smartphone. Redbox has represented the last remnants of paying to rent physical media, but that’s about to change. Today Redbox announced its plans to take on Netflix with its own movie streaming service. Accompanying apps for Android and iOS will come out when the service begins its invite-only rollout later this month.
For $8 per month, Redbox will give you unlimited streaming and four nights of physical DVD rentals from any Redbox kiosk. Pay $1 more and you’ll get four Blu-ray rentals as an upgrade. Netflix customers can either have unlimited streaming or only unlimited DVD rentals for $8 per month.
Okay, so I was being sarcastic about the clever name. Nevertheless, the joint venture announced by Redbox and Verizon back in February has finally given birth to an official name, and that name is Redbox Instant by Verizon. Together, Verizon and Redbox plan on bringing yet another video on-demand streaming and download service to the market. As long as Verizon doesn’t screw it up with pricing, the Redbox kiosk/streaming combo could be a real winner.