Redbox and Verizon will launch a beta of their new streaming video service this month, with the full commercial release now slated for next year — a later-than-expected debut for their attempt to challenge Netflix and other existing players in the video streaming market.

Verizon and Redbox’s parent, Bellevue-based Coinstar, have formed a joint venture to operate the new service, dubbed Redbox Instant by Verizon. the companies originally said they planned to “introduce the product portfolio in the second half of 2012.” Bloomberg News reported in September that they were “targeting a start to the service between late November and mid-December, after a short period of initial public testing.”

The subscription-based streaming service will be offered as part of a package with the ubiquitous Redbox movie-rental kiosks. GigaOm reported last week that subscriptions would start at $6/month for streaming, with an $8/month option adding four Redbox credits for physical DVD rentals.

The Hollywood Reporter reported yesterday that the service wouldn’t be launching until next year, based on comments by Verizon CEO Lowell McAdam. Redbox representatives followed up to clarify that the beta was still on track for this month.

Meanwhile, Netflix is charging ahead with an exclusive Disney streaming deal, announced yesterday.

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