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Netflix, Inc. (NFLX) Message Board

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  • singhlion2001 singhlion2001 Dec 12, 2012 8:59 AM Flag


    (Reuters) - Verizon Communications Inc (VZ) and Coinstar Inc (CSTR) said they will launch their video rental service later this month.
    The joint venture, which will combine the Redbox DVD rental kiosk business with an Internet video offering from Verizon, would sell subscriptions starting at $8 per month for unlimited streaming combined with four one-night credits for DVDs.
    "Starting later this month, Redbox Instant by Verizon will open to public beta and consumers will be invited to explore the service and enjoy their first subscription month free," the companies said in a statement.
    The companies had formed the joint venture in February to sell video services aimed at competing against video rental giant Netflix Inc (NFLX).

    Sentiment: Strong Sell

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      Financial Terrorism extreme by Banklster Terrorists

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      Sentiment: Strong Sell

    • Wednesday, December 12, 7:34 AM Coinstar (CSTR) and Verizon (VZ) will launch Redbox Instant in an invitation-only beta phase this month with an official rollout planned for next year. For $8 a month, users can stream movies and select up to 4 DVDs per month from Redbox kiosks. An online store will also offer movies for rental or purchase. For now, the service appears to analyst to be only a minor threat to Netflix (NFLX), although the potential for bigger things down the road remains.

      Sentiment: Strong Sell

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      Sentiment: Strong Sell

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