Verizon to set up streaming service with Redbox

NEW YORK (AP) -- Phone company Verizon Communications Inc. will challenge Netflix and start a video streaming service this year with Redbox and its DVD rental kiosks....

By Insider Monkey: Investors looking to put their money in the home entertainment industry need to beware - there are changes brewing that could change the face of the industry.

Verizon and Coinstar this morning announced formation of a new DVD rental and streaming video joint venture. The new venture, with a name to be revealed later, will combine DVD rentals from Coinstar?s Redbox kiosks with a new video on demand streaming and download service from Verizon. The new service will launch in the 2012 ...

(Reuters) - Coinstar Inc , the operator of Redbox video rental kiosks, said its chief executive Paul Davis will r

By Colin Lokey:Shares of Coinstar Inc (CSTR) rose 14% Tuesday after the owner/operator of Coinstar and Redbox kiosks reported earnings that beat analysts' bottomline expectations by 36%. According to the company's report, earnings were $1.00 per share for the quarter, a 47% increase from the fourth quarter of 2010.

Zacks.com submits: A leading provider of online movie rental services, Netflix Inc. (NFLX) recently signed an expanded license agreement with General Electric’s (GE) NBC Universal Domestic Television Distribution division.

Trefis submits: Redbox is a division of Coinstar (CSTR) that offers movie rentals via DVD kiosks. Redbook recently announced plans to launch an online streaming service in competition with Netflix (NFLX), which is well established in the streaming video market.

By Chris Katje: Redbox parent company Coinstar (CSTR) was mentioned heavily in the news this week. The company launched its Redbox Instant service nationwide on Thursday. Investors and analysts continue arguing whether the service will hurt Netflix (NFLX).