This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Verizon, Coinstar Teaming Up on 'Netflix-Killer': Report

Stocks in this article: VZ CSTR NFLX

NEW YORK ( TheStreet) - More details are leaking about the Verizon (VZ) "Netflix-killer", as TechCrunch reported Thursday that RedBox, a division of Coinstar (CSTR), is being brought in to work with the telecom giant on the service.

Reports first surfaced on Tuesday that Verizon was working on a service outside of its FiOS cable network area to take on Netflix (NFLX) in online streaming.

Verizon may be teaming up with RedBox to take on Netflix

According to the Reuters article, Verizon would be launching the service outside of the area where it currently has its FiOS network, which would give it access to an additional 85 million people.

RedBox currently offers DVD rentals starting at $1.20 per day in kiosks around the country. Coinstar has said in previous conference calls that it was looking to get into online streaming, but no concrete details have been given by the company as to who its partners would be.

Back in October, when Coinstar raised its prices on RedBox DVD rentals to $1.20 from $1, the company said it wanted to have a streaming plan in place by the end of 2011.

According to the TechCrunch article, the Verizon-RedBox service would offer streaming of movies and TV shows in both standard and high definition to a number of devices.

The launch is planned for May 28th, TechCrunch said, and pricing is thought to be both monthly and credit-based. There will be several tiers of subscriptions available.

Coinstar shares are sharply higher in midday action, up more than 5% in early Thursday trading, while Verizon shares are off 1%. Netflix shares are down around 2%.

-- Written by Chris Ciaccia in New York

>To follow the writer on Twitter, go to

>To submit a news tip, send an email to:

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs