After three months of testing, Coinstar and Verizon last night threw open the doors on their jointly owned and developed streaming service: Redbox Instant.
The partners refer to the site as in "open beta," meaning that there may still be kinks to work out even if the service is fully functional in every other sense. Visitors can sign up for a 1-month free trial, after which Redbox charges $8 per month for streaming plus four DVD rental nights. An extra $1 monthly buys access to Blu-ray disc rentals.
Redbox Instant has been in active development since December. Its release comes on the heels of Hulu naming an interim chief to replace founding CEO Jason Kilar, who leaves by the end of the quarter. Both services compete with Netflix and Amazon.com's Instant Video, the industry's top two names in streamed entertainment.
The article Redbox Instant Opens for Business originally appeared on Fool.com.Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of, and had a long-term call options position in, Netflix at the time of publication. Check out Tim's web home and portfolio holdings or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool owns shares of Netflix and Amazon.com. Motley Fool newsletter services have recommended buying shares of Coinstar, Netflix, and Amazon.com. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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