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Submission + - Verizon-Redbox: Challenging Netflix with Broadband Clout (broadbandconvergent.com)

An anonymous reader writes: Verizon announced a ground-breaking deal today with its newly formed partnership with Coinstar’s (NASDAQ: CSTR), Redbox and Verizon (NASDAQ: VZ) customers nationwide. The venture will come to fruition in the second half of 2012 offering streaming broadband video content as well as the current physical Redbox Kiosks of DVD rentals. Verizon will own 65% of the Venture; Coinstar at 35%.

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