A New ‘Stream Team’? Verizon And Redbox Take On Netflix

Offering perhaps the most defined threat to streaming movie leader Netflix (NSDQ: NFLX) so far, Verizon and Redbox parent company Cointstar are going into business together. The companies announced Monday they’re partnering on a new subscription video service that will combine Redbox’s DVD and Blu-ray rental strengths with video streaming through Verizon’s networks.

The new subscription service will launch in the latter half of the year, a joint announcement said, and will be 65 percent co-owned by Verizon. It will combine the power of Redbox’s 30 million disc renters with Verizon’s substantial cable TV and wireless reach. The ...

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