Redbox, Verizon Make Distribution Deal

Verizon and Redbox are close to teaming up to distribute live TV networks to high-speed Internet users nationwide, in addition to renting viewers DVDs and movie downloads. Redbox parent Coinstar broke the news recently during an SEC filing. Verizon and Coinstar executives said little about the joint venture on a conference call Monday, saying only that they will discuss strategy details in the second half of 2012. But the Coinstar filing suggests that Verizon hopes to use Internet video distribution to expand outside its FiOS TV services. Verizon will own 65 percent of the joint venture with Redbox when the deal is finalized, and may also be able to use Redbox kiosks to market its FiOS products.

 

For additional coverage, go to http://www.fiercecable.com/story/verizon-could-become-virtual-mso-through-redbox-joint-venture/2012-02-06