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Verizon, Redbox plan Netflix challenge

Last Updated: Tuesday, February 07, 2012, 09:01

Verizon Communications Inc and Coinstar's Redbox unit have formed a joint venture to sell video services aimed at competing against video rental giant Netflix Inc.

Verizon to take on Netflix with Web service

Last Updated: Wednesday, December 07, 2011, 08:55

Verizon Communications Inc plans to launch a standalone service allowing customers to stream movies and television shows over the Web, in a fresh challenge to Netflix Inc and the traditional cable TV business, according to several people briefed on the plan.