Telecommunications company Verizon Communications Inc. and Redbox video-kiosk owner Coinstar Inc. said Monday they will launch an online service in the second half of the year that features streaming videos and downloads.
The companies offered few details of the venture, in which Verizon will own a 65% stake and Redbox will hold the other 35%.
As a Verizon customer, I’d prefer better service over a Netflix rival, but that’s just me.