Verizon and DVD rental provider RedBox are working on a TV and movie streaming and download service they plan to unveil in May, according to a TechCrunch report. The subscription-based service is apparently known as “Project Zoetrope” internally. Payment will reportedly be credit-based, meaning subscribers will get a certain number of credits for a fee and can apply these credits to their rentals. “RedBox has been reportedly seeking to introduce an online service for some time, so a partnership was expected,” Keith Nissen, a research director at NPD In-Stat, told the E-Commerce Times.
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Verizon, Redbox May Dip Toes Into Content Streaming
Posted by: Richard Adhikari December 9, 2011 07:00 AMVerizon and DVD rental provider RedBox are working on a TV and movie streaming and download service they plan to unveil in May, according to a TechCrunch report. The subscription-based service is apparently known as “Project Zoetrope” internally. Payment will reportedly be credit-based, meaning subscribers will get a certain number of credits for a fee and can apply these credits to their rentals. “RedBox has been reportedly seeking to introduce an online service for some time, so a partnership was expected,” Keith Nissen, a research director at NPD In-Stat, told the E-Commerce Times.