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.
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."
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 telecom giant will work quickly to release the service that delivers live TV and video on demand over the Internet.
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.
Philly-area residents will be the first to buy tickets from Redbox's DVD kiosks and Web site.
Beta users will get the first crack at streaming a selection of Redbox flicks in their living rooms.
The vanguard service in streaming music is broadening its vision with a live-event tickets app, as the field for its primary business grows crowded.