Watch out, Netflix, here comes Redbox: The movie-rental kiosk company is teaming up with Verizon, as expected, to launch a Netflix competitor. Redbox Instant by Verizon will offer unlimited streaming for just $6 a month, according to AllThingsD. That's less than the $7.99 Netflix charges for the same thing, Mashable points out. Redbox Instant will also offer an $8-per-month option that adds four DVDs per month from Redbox kiosks, or $9-per-month for four Blu-ray discs. The service will launch later this month, but will be invitation-only until next year.
Redbox Instant will also offer the option to buy and rent videos via an online store. Its content will come from Epix—so think "newish" movies like Thor and Captain America, plus big new releases after they've already been made available to rent or watch on pay TV—as well as Warner Bros. for older movies. It won't have as big a selection as some of its competitors, AllThingsD points out, and it won't have as much TV content as Netflix has available. (Read more Redbox stories.)