Carrier is getting into the video streaming business through a new partnership with Coinstar, the company that owns the Redbox video rental kiosk business.
The maker of the ecoATM, an electronics take-back and recycling kiosk, raises money from Coinstar and others to launch in more retail locations.
Coinstar says it will post lower-than-expected earnings for the fourth quarter. Analyst Michael Pachter called the quarter "a hiccup attributable to overly aggressive guidance."
Watch out, Netflix. A new competitor will soon be entering the movie-streaming business. Verizon has announced it will team up with Coinstar, the parent of DVD rental company Redbox. CNET's Kara Tsuboi reports on the details of the partnership and why Netflix needs to worry.
Leaked details reveal that Verizon's service, which aims to compete with Netflix, could get introduced in a couple weeks and cost as little as $6 per month.
The company says that it's also bringing video game rentals to 5,000 more kiosks around the U.S.
Hollywood is a long way from returning to the days when consumers were paying $30 for a DVD and spending $4 to rent a single title. Still, digital revenue is showing some positive signs.
The video streaming and DVD rental service aiming to compete with Netflix won't be commercially available until next year, however its public beta should be ready within the next month.
Video rental kiosk operator follows video rental site in creating a 28-day period in which it won't rent new Warner Bros. releases. Deal is designed to help the studio boost DVD sales.
Philly-area residents will be the first to buy tickets from Redbox's DVD kiosks and Web site.