This potential Netflix competitor is starting to look like a very real threat.
Just a few days ago we reported on the creation of a Verizon streaming service that aims to compete in the same space as Netflix, but the guys over at TechCrunch uncovered a partnership that makes this seem like it might be a real threat to the current dominant subscription video service.
While initially it was reported that pay TV channels like Epix would be the focus, it seems that Redbox is also heavily involved in the new venture. Using the massive content library of Redbox in addition to the incredible retail space penetration, the service will certainly attract a great deal of attention.
Reports and leaks indicate that the service will charge a monthly $5.95 fee for six credits which can be used to watch movies, TV shows and the like. Content will be able to be streamed to mobile devices, tablets, computers and set-top boxes in HD though there's no word yet on surround sound.
What could be particularly interesting is a combination with this new service and Redbox rentals - allowing customers to use their credits for both streaming and kiosk rentals. We'll certainly be finding out more in the near future as the project is expected to launch in May.