Verizon has teamed up with DVD rental service Redbox, and the two companies are working together to launch a new video ion demand service to compete with Netflix and other video on demand services.
The new video on demand service will launch in the second half of 2012, and it will be a subscription based service, which will be delivered by Verizon, and Redbox will continue to operate its DVD rental service.
When you consider the core elements the parties bring to this venture – our powerful brands; our national rental kiosk footprint; our anytime, anywhere network presence; and our mutual commitment to customer-focused innovation – it’s clear that Verizon and Redbox are a powerful entertainment team,” said Bob Mudge, president of Verizon consumer and mass business markets.
There are no details on how much the new video on demand service from Verizon and Redbox will cost, as soon as we get some more information we will let you guys know.
Source The Next Web
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