Redbox, the DVD rental kiosk company owned by Coinstar, has been steadily encroaching on the market share of Netflix and storefront DVD rental shops for the past few years. The company’s biggest promise, the details of which have so far remained a mystery, is the eventual launch of a streaming service that will compete directly with similar offerings from Netflix, Amazon, iTunes and other companies.

Today Rebox announced that it has partnered with Verizon to make this streaming service a reality. The venture, which is currently unnamed, will charge customers a monthly subscription fee for which they’ll be able to take DVDs from Redbox kiosks, and access streaming catalogue film titles, with that aspect of the business powered by Verizon’s existing digital infrastructure. Read More »