Verizon and
Coinstar’s Redbox form joint venture to Create New Consumer Choice for Video
Entertainment. The venture’s
services will offer all of the convenience, simplicity and value of Redbox® new
release DVD and Blu-ray Disc® rentals combined with a new content-rich video
on-demand streaming and download service from Verizon.
I work for VZ. In 2012, Verizon is going to provide more innovative products and exciting things in consumer video on demand.
I work for VZ. In 2012, Verizon is going to provide more innovative products and exciting things in consumer video on demand.
I use Redbox a lot. It's more convenient than Blockbuster because it's at my grocery store, so I don't have to make an extra trip somewhere else. It's also cheaper.
ReplyDeleteHowever, I wonder how long their business "model" can last because it's DVDs, and DVDs are being replaced with an even more convenient streaming -- assuming you have broadband.
This appears to be Redbox's first attempt at transforming their bricks business model into more of a clicks internet model.
Thanks for posting this Sreepathi, I am researching the changing movie and video industry and it would have been great for me to be on the conference call. I'll try to find the replay link so I can get a better understanding of what are the implications this joint venture will have on movie and video distribution.
ReplyDelete