REDBOX ANNOUNCES STREAMING PLANS

Coinstar, the parent company of Redbox, CEO Paul Davis stated on the recent earnings call that Redbox is in "detailed negotiations with a number of highly interested parties" to launch a "Redbox-branded" streaming service sometime next year. While Davis was light on details, his statement leads many to believe Redbox will partner with an already established streaming service rather than trying to roll their own from scratch. Makes sense to us. It will be interesting to see how they fair against the NetFlix juggernaut. [Engadget]