Most of us know the uproar that happened when Netflix decided to increase their prices to nearly double the amount customers were paying at the time.
Indeed, my husband cancelled our Netflix DVD mail-in service after that — no more pretty red envelopes in the mail. Boo hoo. But we have Blockbuster blue DVDs in the mail now, and we still enjoy Netflix’s streaming on demand video service from time to time.
But today, Yahoo will discover more information about the new Redbox product, where a video-on-demand feature will be added via Verizon, in addition to the love all those folks have so much for Redbox physical DVD kiosks.
“The world has another potential Netflix-killer,” wrote Yahoo.
“Verizon and Coinstar, owner of DVD kiosk service Redbox, have announced that they’ll be launching a joint venture combining Redbox’s product with a video on-demand streaming and download service from Verizon. Planned for the second half of 2012, the venture joins the biggest provider of physical DVDs with Verizon’s massive network. Verizon will hold a 65 percent ownership share, with Redbox having a 35 percent ownership share at the outset,” they stated.
“We’ll have more details on the joint venture later. The companies have a conference call scheduled for 9:30,” Yahoo informed us.