Verizon and Redbox have partnered to launch an alternative home video service to Netflix. Expected to launch in the second half of this year, the yet-to-be-named service will offer DVD rentals by post from Redbox along with a new subscription-based streaming video service. The companies said the national service will allow consumers to "enjoy the new and popular entertainment they want, whenever they choose, using the media and devices they prefer". This will include viewing both from PCs and mobile devices. Verizon will build on its relationships with entertainment content providers and provide cloud computing and IP infrastructure to support delivery of the streaming service. Additional brand and product information will be revealed in the coming months. Verizon will hold 65 percent in the new venture and Redbox 35 percent.
