The Redbox Instant by Verizon video-streaming service will determine whether the Coinstar subsidiary can expand its business beyond kiosk rentals of Blu-ray discs and DVDs, Brad Stone writes in this analysis. For $8 a month, the service will stream movies on demand and offer customers four credits toward disc rentals at its kiosks.
Redbox Instant, the online video service jointly owned by Verizon and Coinstar, has signed up 10,000 people for a test of its fledgling service and has set a target of 35 million subscribers. Customers would pay $8 to $9 monthly for unlimited streaming plus four DVD rentals per month from Redbox kiosks.
Redbox Instant by Verizon, the new joint service from Coinstar's Redbox and Verizon Communications, will launch in time for the holiday season. The service, which offers subscription streaming, movie sales and rental services, as well as DVDs in kiosks, is undergoing testing by about 500 Verizon workers at their homes. It will at first offer mainly recent releases that are already being rented or sold.
Apple reportedly has been seeking content deals for a streaming-television service, but it seems to be failing to impress content-owning executives, Sean Portnoy writes. The installed base and changing landscape of video-content providers gives Apple little leverage to dictate terms, Portnoy writes.
Two men in Great Britain are accused of stealing 50,000 music files from Sony Music, including its exclusive Michael Jackson catalog. "The attack was discovered weeks after hackers targeted Sony's PlayStation Network in April, but was only confirmed by a Sony Music representative on Saturday," according WENN.com, which is quoted by MocoNews.net.