Verizon and DVD kiosk company Redbox said Monday that they're teaming up on a streaming video partnership, a move that puts Netflix squarely in their crosshairs.
The companies said that the joint venture will launch in the second half of the year, but were otherwise very short on details. The service will offer "subscription services and more," and it will be available on multiple platforms like smartphones, tablets, and televisions.
Citing competitive concerns, Verizon executive Bob Mudge said the partners are "limiting our description to 'streaming services and more,'" with more details to come soon.
The service will be available to everyone, not just Verizon customers.
Few other details on how it will work are available. Coinstar CFO Scott Di Valerio wouldn't comment to CNNMoney about "specific parts" of the service, or on the ways in which it will differ from behemoth Netflix.
But he land one jab that seemed aimed at Netflix (NFLX), which features a trove of past-season TV shows and older movies but has been criticized for its lack of newer content.
"With Redbox, you get this great, great new-release content," Di Valerio said. "Beyond that, we're not going to speak to... Source/Origin >> Read More
