Redbox parent Coinstar and Verizon today announced more details about their joint venture streaming video service, confirming its pricing model and new agreements with big movie companies.

Later this month, Redbox Instant’s invitation-only beta product will offer unlimited streaming of thousands of movies at $8 per month, along with four one-night credits per month for actual DVDs at Redbox kiosks. Customers can pay $9 per month if they want Blu-ray discs.

Redbox Instant will focus solely on movies and has agreements to include streaming content from the pay TV network EPIX and its studio partners Paramount Picture, Lionsgate and MGM 90 days after films debut in the “traditional premium window.” Movies will also be available by electronic sell-through and video-on-demand rental agreements with major studios like NBCUniversal, Relativity and Sony Pictures Home Entertainment.

The new service does not include TV shows or video games. Shawn Strickland, CEO of the new joint venture, told the AP that Redbox Instant is “targeted squarely at movie lovers.”

Redbox Instant figures to compete directly with Netflix, which offers unlimited streaming of both movies and TV shows for $7.99 per month. Netflix offers a DVD-by-mail and streaming subscription combination for $16 per month.

The service will be available on the web, as well as through home entertainment, tablet and mobile devices, including players for iOS and Android, plus Samsung and LG TVs and Blu-Ray players, and Google TV. More devices — presumably video game consoles — will be announced in the coming months.

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  • Riley Wave

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  • Riley Wave

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  • Riley Wave

    The Hottest Ticket this holiday season are Movies & Tablets – And here are a few brand new Android tablets worth looking at — with most offering full HDMI 1080p which is perfect for Movie Downloads to easiliy plug in and watch directly from a tablet device– Released in late November – the Novo 7 Legend is offered through a site called TabletSprint, and may be considered the first “$100 TABLET” worth buying from any major brand, with features that include a quality screen display, Micro SD portable storage, Android 4.1, a MicroUSB port, and a processor good enough to handle 3D games — Plus WiFi, Ethernet and 3G — For those not familar with the manufacturer, Ainol Electronics, they received a “Best Tablet of the Year” award at CNET Consumer Electronics Show 2012.

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