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December 8, 2011 07:30 am GMT

Verizon And RedBox Planning Major Partnership For Early 2012 Launch

vrYesterday, it was reported that Verizon was planning a Netflix competitor and in talks with various content producers to provide the streams and downloads. TechCrunch has obtained additional information on this story that makes the concept a bit more realistic and should alleviate some of the concerns noted by critics and consumers yesterday.Our source says that Verizon is in fact planning a major partnership with RedBox, whose fast-growing business of $1 (now $1.20) DVD-rental kiosks has made it a major player in the content distribution game. They aim to debut a TV and movie streaming and download service this coming May.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MYCgSVQwGBU/

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