Redbox joins Verizon in streaming venture

02/6/2012 | USA Today · Wall Street Journal, The

Redbox -- a retail distributor of rental DVDs -- announced it is teaming with Verizon Communications to launch a video-streaming service in the second half of 2012. Verizon will own 65% of the new venture, with Redbox holding the remainder. The companies still must negotiate licensing agreements with studios and other content providers, which some commentators say could prove costly.

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USA Today · Wall Street Journal, The

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