Redbox competing with Netflix online streaming?

This is something I meant to post on a few days ago. Oops. :)

In a meeting with analysts, Redbox President Mitch Lowe reaffirmed the Coinstar-owned company’s plans to launch a Netflix “Watch Instantly” competitor this year. Coinstar CEO Paul Davis first confirmed the forthcoming service last year during an earnings call, though he would not specify whether the company’s Internet streaming service would utilize an all-you-can-eat pricing model or and a la carte model. Lowe has now confirmed that the service will be subscription-based, but he did not indicate price points for the service.

Redbox still has not revealed a partner for its upcoming streaming service, though rumors suggest Amazon may be the most likely candidate. Amazon already has some streaming-ready content, and this could be a nice pickup for both companies, and actually place a worthy competitor against Netflix (which I have nothing against, mind you).

Author: Jason Zajdel

Learning as I go along. It's an awesome ride. =-)