Microsoft will soon add a new video streaming service that many believe could be a major rival to Netflix. Today, the company announced it will soon offer an app for users who are currently beta testing the Redbox Instant by Verizon service.
Verizon announced their partnership with Netbox's parent company Coinstar a year ago to provide both a video streaming service as well as a way for customers to also get access to Blu-Rays and DVDs from the thousands of Redbox kiosks in the US for one monthly fee; closed beta testing for the streaming service began in late 2012.
Today, Microsoft's Major Nelson announced that people who are part of the Redbox Instant beta will " ... receive an email with a unique code to access the app on Xbox 360 in the coming days." If you are interested, you can still sign up for the beta test at the Redbox Instant website. The subscription price is $8 a month for DVD or $9 a month for Blu-Ray and includes four one day credits a month for renting those discs in addition to the unlimited video streaming service.
The site added:
Through the app, Xbox 360 movie fans can also purchase and rent the newest digital releases without needing a subscription. Redbox Instant by Verizon combines disc + subscription, purchase and rental viewing choices into a compelling destination so movie fans can always find a movie to enjoy.
There's no word on when the Redbox Instant by Verizon service will launch to the public.
Source: Major Nelson | Image via Redbox