
At $8, the service is the same price as Netflix, which charges an additional $8 if you want access to DVDs by mail.
Says Redbox Instant by Verizon CEO Shawn Strickland: "We're doing the invitation-based beta now...but we will launch sometime later this quarter. Movies are the core of the Redbox brand, and movies are underserved in this space."
Currently, the service has 7500 streaming titles, less than a third of Netflix and Amazon's catalogs.