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Netflix gets competition with Verizon-Redbox deal

2012-02-07
Redbox has the movie titles Verizon has the technology and infrastructure add them together and you've got what could be a powerful provider for streaming on-demand entertainment it's allowing Verizon to get in on the streaming game and actually counter Netflix head-on separating this new subscription plan from the well-established DVD rental service is the ability to download movies and TV shows so you can watch them later in addition to just streaming them a service that Netflix doesn't offer Netflix is how to all this backlash recently when it split the DVD business from the streaming business and started basically charging double to people who wanted both like Netflix the service will be available in two forms as a traditional DVD rental from Redbox kiosk like these to a streaming service on a wide variety of devices televisions smartphones and tablets under this deal Verizon will own 65% of the joint venture Redbox 35% but other subscription and pricing details are vague but seen that's Jessica dole court says it will all come down to the content the services can provide you want to see favorite TV shows you want to see your favorite movies and if Netflix can provide it you might go with Netflix if Verizon can provide it you'll go with Verizon I think it's great I don't have to come over here and rent the movie yeah definitely probably use that servers they have newer movies available it sounds cool if that attracts more customers than hey the service is expected to launch in the second half of 2012 in San Francisco I'm Kara Tsuboi cnet.com for CBS News
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