Verizon Communications is in talks with Redbox about an online video service that would compete with the likes of Netflix and Hulu, according to Bloomberg.
The telecommunications would work with Redbox, which runs a chain of movie-rental kiosks placed in front of supermarkets and retail stores, to create a content-distribution plan, Bloomberg said, citing unnamed sources. The deal would provide Verizon with experience on working with content providers and align it with a brand known for movie delivery. Redbox is a unit of Coinstar.
The news comes after Reuters reported that Verizon was ready to create its own online video service, … Read more