Verizon And Redbox Taking On Netflix With New Joint Venture

Ladies and gentlemen, it looks like the mysterious Project Zoetrope will soon be seeing the light of day. Verizon and Redbox owner Coinstar have just taken to the wires today to announce their new joint venture in video entertainment, with their subscription services poised to launch in the second half of this year. Details are still light at the moment (though a 9:30 AM conference call should shed some light on things) but the new service certainly has Netflix in its sights.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/ZgdhOTKV8-4/

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