Verizon, Redbox Team Up to Take Down Netflix

Watch out, Netflix: Verizon and Redbox are teaming up. Verizon announced today it will enter the video streaming business in a joint venture with Coinstar, the parent company of Redbox DVD rental kiosks, Mashable reports. Verizon said the new service, which will also include access to DVD and Blu-ray discs, will be available across the nation later this year. Anyone in the US, even those who are not current Verizon subscribers, will be able to use the subscription service.

Streaming content will be available on smartphones, tablets, computers, TVs, and similar devices. No further details on the service, including price, are yet known. Says a Verizon exec, "Together, we are erasing old technology boundaries, freeing people to spontaneously enjoy the entertainment they want, whenever they choose, using the devices and media they prefer, at home or away." (More Verizon stories.)