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Verizon and Redbox Form Joint Venture to Fulfill Your Physical and Digitial Media Desires

The ability to rent Redbox movies on your Android device is just around the corner, thanks to a join venture between Redbox and Verizon that was announced this morning. It’s not exactly clear how they plan to make movie magic together, as they would only mention that details of their product portfolio will be revealed in the coming months. We do see a mention of “mobile” in the press release though, and a time frame of “second half of 2012,” so before long these companies will be “freeing people to spontaneously enjoy the entertainment they want, whenever they choose, using the devices and media they prefer, at home or away.” 

Verizon and Coinstar’s Redbox Form Joint Venture to Create New Consumer Choice for Video Entertainment

Joint Venture Will Offer the Best of Both Worlds – Physical and Digital – to All Consumers Nationwide

NEW YORK, Feb. 6, 2012 /PRNewswire/ — Verizon and Coinstar, Inc. today announced the formation of a joint venture that will create a new choice for quality- and value-conscious consumers seeking a simple and affordable way to access the video entertainment they crave.  The venture’s services will offer all of the convenience, simplicity and value of Redbox® new release DVD and Blu-ray Disc® rentals combined with a new content-rich video on-demand streaming and download service from Verizon.

The joint venture plans to introduce the product portfolio in the second half of 2012.  It will offer subscription services and more in an easy-to-use, flexible and affordable service that will allow all consumers across the U.S. to enjoy the new and popular entertainment they want, whenever they choose, using the media and devices they prefer.  Additional brand and product information will be revealed in the coming months.

“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.

“Consumers rely on Redbox for the latest new release movies at a great value, and our joint venture with Verizon will enable us to bring them even more value by offering expanded content offerings and greater flexibility for how and when they enjoy entertainment,” said Paul Davis, chief executive officer of Coinstar, Inc.  “This alliance is the result of a deliberate and strategic process to identify a partner who shares our commitment to delivering innovative solutions to consumers.  We look forward to rolling out the shared benefits this venture will bring to consumers, retailers, and shareholders.”

This venture between Verizon and Redbox will create the kind of national multi-platform product that customers are demanding from video entertainment service providers.  It will leverage Verizon’s industry-wide relationships with entertainment content providers, its advanced cloud computing technologies and state-of-the-art IP network infrastructure to distribute video on-demand content to its customers.

“The joint venture will combine the accessibility and value of Redbox with Verizon’s vision for a borderless lifestyle – where consumers easily accomplish what they want or need to do, on their terms, through the power of the network,” said Mudge.  “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.”

By offering instantly available online and mobile content with immediate access to physical media through rental kiosks, Verizon and Redbox will be uniquely positioned to deliver the best of both worlds – digital and physical – to consumers across the country.

The joint venture is a limited liability company with Verizon holding a 65 percent ownership share and Redbox holding a 35 percent ownership share at the outset.

About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.  Verizon Wireless operates America’s most reliable wireless network, with nearly 109 million total connections nationwide.  Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500.  A Dow 30 company with $111 billion in 2011 revenues, Verizon employs a diverse workforce of nearly 194,000.  For more information, visit www.verizon.com.

About Redbox
Redbox Automated Retail, LLC, a wholly-owned subsidiary of Coinstar, Inc. (Nasdaq: CSTR), offers new-release DVD, Blu-ray Disc® and video game rentals through its network of conveniently located, self-service kiosks.  Redbox has rented more than 1.5 billion discs and is available at more than 35,400 kiosks across over 29,000 locations nationwide, including select McDonald’s restaurants, leading grocery, drug and convenience stores, select Walmart locations and Walgreens locations in select markets.  For more information, visit www.redbox.com.

  • Anonymous

    “The joint venture will combine the accessibility and value of Redbox
    with Verizon’s vision for a borderless lifestyle – where consumers
    easily accomplish what they want or need to do, on their terms, through
    the power of the network,” said Mudge.  “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.”

    Just make sure you don’t go over your 2GB/Month!

  • Kelly

    In related news just got an email from blockbuster saying they were selling all of their dvd kiosks to redbox by third quarter

  • Chris

    dang, redbox has been avail for iPhone for ages now! need to catch up Android!

    • corymcnutt

      You mean you can stream Redbox movies to your iPhone?  We can rent them on our Androids to pickup at the machine…I’ve been doing it for months.

    • TC Infantino

      If you are talking about the Redbox app that allows you to reserve a movie at a kiosk near you, then Android has had that for at least a year now.  I have it on my phone now, been using it ever since I moved to an area that doesn’t have any Blockbusters.

  • 56

    Verizon + Redbox = Disaster!

  • Anonymous

    I wonder if OTA prices will compare to physical rentals? How Verizon Video and Redbox services will compare, and if Verizon will combine the two? And will Google lower prices on market rentals?

    Verizon has the smart app bundle (NFL, Videos, VVM, and Navigator) now. If Redbox is used, Verizon could finally get more people to start using their services. ( how many use them now, I only use NFL, I may uninstall if I can’t get free next year.)

  • Granted

    So I guess Netflix will go for a nice leisurely stroll one night in Verizon City. And the next day a jogger stumbles across a bloody letter “N” and “X”, strewn all through a drainage pipe?

    Knowing Verizon’s propensity for sodomizing customers, and soon-to-be-app-murder, well, i’m not touching this garbage with a 45,234 foot stick.

  • JOSEPHINE

    @cb6ed82b4dc7b725ee0cd867c840f597:disqus my cȌ-wȌrkēr’s ēx-wifē mẚdē $Ȣ,ɜ8Ȣ last mȌņth. she wȌrks Ȍn the iņterņet ẚņd drivēs a ĊhevrȌlet TrailBlazer. All shē did wẚs gēt lûĊky and fȌllȌw the iņfȌrmatiȌņ yȌu Ċẚņ find hērē.. MakeCash2.com

  • Jim McClain

    lo   who wants to watch a movie on a phone,, how do you spell eye strain

    • Granted

      Queef. At least that is how I was taught to spell it. But I was taught grammar and spelling by an Army Ant in the jungle.

  • FortitudineVincimus

    RedBox gives me a boner. I luv RedBox.

    • Granted

      If that is the case, well, I feel really bad for the prostitute that tries to help you get your moneys worth. I guess she could staple a picture of one their vending machines to her face.

  • http://twitter.com/lennyd43 Why So Serious?

    I will stick with Netflix until Redbox has more of the followings…

    – More foreign language films
    – More indie films
    – More TV shows
    – More Classic films

    Oh and I could care less about waiting 2-3 months for New Releases as my queue list seems to stay somewhere around 100+.

    • FortitudineVincimus

      I will stick with Redbox until Netflix does the followings…

      – Stops sucking

      • trumpet444

        Netflix can’t do the things I like about Redbox and Redbox can’t do the things I like about Netflix…… I’ll stick with both

  • Jonny

    This is Verizon Telecom, not Verizon Wireless.  They’ll partner it with FiOS.  

    • Arnold

      it says verizon wireless in the bottom.

  • Anonymous

    That would be pretty fantastic if they can still provide rentals for $1.29/$1.49.  Redbox for android + HDMI mirroring = win.

  • Schoat333

    Verizon caps data plans, then makes a deals with redbox for streaming movies. hmmm…

    • http://www.facebook.com/profile.php?id=25001493 Hank Godwin

      Verizon, you are very sneaky.  Make me go over my data allotment with your own movie streaming service.  Very clever…

    • http://www.facebook.com/TJHRULZ tjhrulz

      Verizon has learned how to troll 

  • Anonymous

    Sweet, more bloatware.

  • DigitalEnforcer

    This is pretty tight! If I can rent RedBox movies on my tablet, which then I can just plug in my HDMI cable and watch them on my big screen. For only $0.99

    • Blood

      No one ever said anything about streaming just renting on your phone.

      • Shaggy13

        Yes it did,
        “its advanced cloud computing technologies and state-of-the-art IP
        network infrastructure to distribute video on-demand content to its
        customers.”

      • Anonymous

        That would be dumb because the application already does that for Android and iOS. This is about STREAMING.

        “The venture’s services will offer all of the convenience, simplicity and value of Redbox® new release DVD and Blu-ray Disc® rentals combined with a new content-rich video on-demand streaming and download service from Verizon.”

  • Tim242

    Good. I hate Netflix. Redbox stood up to the movie companies. Can’t wait!

    • Noyfb

      redbox stood up to movie companies and lost warner bros. , all their movies, they said they would just buy their movies elsewhere for their company to use for rent, but not a lot of people think it is legal, and i’m sure we’ll see a lawsuit warner bros. vs redbox in the near future

      • Tim242

        Why is it not legal? That’s how movie stores operated for years.

  • Craig

    This does sound awesome but will we be able to connect it to a TV to watch it? I remember back when I tried to connect NFL mobile app for a Thursday night game the app wouldn’t allow it once it was mirrored on the TV. I haven’t tried Netflix or the hulu app but just thought I’d ask.

    • tiptoptommy

      Netflix mirrors fine on my charge haven’t tried it on anything else

    • http://www.facebook.com/profile.php?id=25001493 Hank Godwin

       You must be talking about an older phone like the Droid X.

  • http://twitter.com/starnovsky Stan Tarnovsky

    Scary.
    Because every time Verizon is making any movement (except for opening up new LTE markets) it’s scary.
    Verizon, please stick with improving network quality and work on better, lower cost plans. Leave the rest to the third party.

    • Anonymous

      Yeah, service providers and content providers should not be the same thing. Go back to being a big dumb pipe, Verizon. Every time you try to offer content, you fail.

    • Anonymous

      Yeah definitely. Next thing you know theyll be blocking the movies section from the market..